Existing home sales fell 2.4 percent in June while the median price hit a record $440,600

The June existing home sales report, published on July 9, was covered by Cris Tolomia at Quartz. Sales fell 2.4 percent from May, to a seasonally adjusted annual rate of 4.09 million, reversing a five-month high, and came in below the 4.20 million pace expected. Sales were up 2.8 percent from June 2025. The median price for a previously owned home reached $440,600, up 1.8 percent from $432,700 a year earlier. Inventory was 1.56 million units, down 0.6 percent from May and up 1.3 percent from a year earlier, worth 4.6 months of supply. Only the Northeast rose, up 2.1 percent to a 480,000 rate. First-time buyers were 33 percent of closings, up from 30 percent. Cash deals fell to 25 percent, from 29 percent.