June 2024 U.S. Housing Market Update: Sales Decline for Third Straight Month

Welcome to our June 2024 U.S. housing market update! In this video, we delve into the latest data from the National Association of REALTORS®, highlighting a third consecutive month of declining existing-home sales. We'll explore the key trends affecting the market, including:

- A 0.7% month-over-month and 2.8% year-over-year drop in sales
- Significant decreases in closed sales for both single-family homes and townhouses/condos
- An uptick in pending sales, offering some hope for future activity
- Rising median sales prices and shorter days on market
- Inventory changes and their impact on the housing supply

Discover what these trends mean for buyers and sellers as we navigate higher mortgage rates and rising home prices. Don't forget to like, subscribe, and hit the bell icon to stay updated on all things real estate!

Dwight Aguinaldo
dwightaguinaldo.com
eXp Realty Lic:S.75308
702-483-8247
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