- U.S. existing home sales fell 2.4% in June to an annual rate of 4.09 million, missing economist expectations.
- The median sales price rose 1.8% year-over-year to $440,600, an all-time high, extending a 36-month streak of increases.
- Affordability challenges persist due to high prices, rising mortgage rates, and low housing supply, keeping sales sluggish near a 4-million annual pace.
- Sales remained below historical norms, with the first half of 2024 showing only a 0.7% increase compared to the same period in 2025.