June was a little low with single-family New Home sales, but July bounced back with a 4.4% jump upwards! Median sale prices took a 12.1% dip from the high last year, which is certainly good news for Buyers.
Existing home sales were slightly down, retreating by 2.2% from June to July. Why, you ask? The tight inventories are to blame. But, there’s a silver lining for eager Buyers – the median price is remaining steady!
And the home-listing meter is on the rise! Last week showed a promising 1% rise in single-family listings. And the expert-grapevine says, “expect this inventory rise to keep rolling into September.” 🍇🎶🏡