MetroIntelligence Economic Update by P. DUFFY July existing home sales fall for sixth consecutive month to annual rate of 4.81 million July existing-home sales fell for the sixth consecutive month to a seasonally adjusted annual rate of 4.81 million. Sales were down 5.9% from June and 20.2% from one year ago. The median existing-home sales price climbed 10.8% from one year ago to $403,800. That’s down $10,000, however, from last month’s record high of $413,800. The inventory of unsold existing homes rose to 1.31 million by the end of July,…
Read MoreDay: August 18, 2022
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