- Existing home sales continue to trend down as the housing supply falls short of demand, increasing costs.
- Existing home sales fell 0.9% for the fourth consecutive month in May to 5.8 million.
- The median existing home sales price rose 23.6% in the last year, the highest increase on record.
- The median home price rose above $350,000 in May for the first time.
- The average home spent only 17 days on the market.
- The Right Facts will continue to monitor home sales.