Sunday, 7 August 2022 | The Latest Buzz for the Appraisal Industry

Sales Decrease for Fifth Month in June for Existing Homes, NAR Reports

Existing-home sales dropped for the fifth straight month in June, according to the National Association of Realtors (NAR). Three out of four major U.S. regions experienced month-over-month sales declines and one region held steady. Year-over-year sales sank in all four regions.

Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, dipped 5.4% from May to a seasonally adjusted annual rate of 5.12 million in June. Year-over-year, sales fell 14.2% (5.97

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