June 2024
Quick Facts - 1.2 % + 0.9
Monthly Indicators
June 2024
U . S . existing-home sales declined for the third consecutive month , as higher mortgage rates and rising sales prices hindered market activity during what has traditionally been one of the busiest months of the year . According to the National Association of REALTORS ® ( NAR ), sales of previously owned homes dipped 0.7 % month-over-month and 2.8 % year-over-year , to a seasonally adjusted annual rate of 4.11 million units .
New Listings were down 16.5 percent to 506 . Pending Sales decreased 1.1 percent to 441 . Inventory grew 41.4 percent to 1,577 units .
Prices moved higher as Median Sales Price was up 0.9 percent to $ 540,000 . Days on Market increased 20.5 percent to 53 days . Months Supply of Inventory was up 44.0 percent to 3.6 months .
Nationally , total housing inventory grew 6.7 % month-over-month to 1.28 million units heading into June , for a 3.7 months ’ supply at the current sales pace , according to NAR . However , the increase in supply has yet to temper home prices , which have continued to rise nationwide . At last measure , the median existing-home price climbed to $ 419,300 , a 5.8 % increase from the same period last year and a record high for the month .
Quick Facts - 1.2 % + 0.9
One-Year Change in Closed Sales
One-Year Cha Median Sales
A research tool provided by the Hilton Hea Percent changes are calculated using roun
Market Overview New Listings Pending Sales Closed Sales Cumulative Days on Market Un Median Sales Price Average Sales Price Percent of List Price Received Housing Affordability Index Inventory of Homes for Sale Months Supply of Inventory
Current as of July 11 , 2024 . Data © 2024 REsides , INC . All Rights Reserved . | Sponsored by South Caro