The Housing Chronicles Blog: July existing home sales slipped 1.3 percent to lowest rate of year as prices rose 6.2 percent year-on-year

Thursday, August 24, 2017

July existing home sales slipped 1.3 percent to lowest rate of year as prices rose 6.2 percent year-on-year

Total existing-home sales slipped 1.3 percent to a seasonally adjusted annual rate of 5.44 million in July. July's sales pace is still 2.1 percent above a year ago, but is the lowest of 2017. The median existing-home price for all housing types in July was $258,300, up 6.2 percent from July 2016 ($243,200). July's price increase marks the 65th straight month of year-over-year gains.

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