HAR Report: Active listings were 40.0 percent above where they were during the same time last year, with 30,053 available homes in June.
Days on Market, or the actual time it took to sell a home, was up from 45 to 46 days. Months of inventory increased to a 4.3-months supply compared to 3.0 months last June. That is ahead of the current national supply which stands at 3.7 months, as reported by NAR.
Broken out by housing segment, June sales performed as follows:
$1 - $99,999: decreased 17.6 percent
$100,000 - $149,999: decreased 6.4 percent
$150,000 - $249,999: decreased 7.2 percent
$250,000 - $499,999: decreased 11.5 percent
$500,000 - $999,999: decreased 5.8 percent
$1M and above: decreased 19.4 percent
HAR also breaks out sales figures for existing single-family homes. In June, existing home sales totaled 5,507, which is down 15.1 percent compared to the same time last year. The average price climbed 3.1 percent to $447,142 and the median sales price increased 2.7 percent to $349,000.