The Curtiss Team's Monthly Update - August 2017
Home sales increased year-over-year.
Home prices have continued to increase year-over-year.
The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of approximately 5.52 million homes during the month of June. This was an decrease of 1.8 percent from May and an increase of 0.7 percent from June of last year.
The median home price increased to $263,800 in June, which was up 4.5 percent from May and up 6.8 percent from June of last year. The median home price has increased by approximately $16,200 in the past year alone.
Inventory - Month's Supply
There was a 4.3-month supply of housing inventory in June, which was up 2.4 percent from May. The total number of available homes for sale decreased by 6.5 percent compared to June of last year.