Home prices hit an all-time high, while sales are down. How come?
Summary
In June, the typical price for homes reached a new high. However, the number of homes sold was the lowest in nine months.Key Facts
- Home prices reached a record high in June.
- This high price is measured by the median sales price, which is the middle value of home prices.
- Despite the high prices, fewer homes were sold in June.
- The number of home sales was the lowest it has been in nine months.
- This indicates a possible imbalance between home prices and buyer activity.
