- Sales dropped in three of the four regions in June, while they were unchanged in the Northeast
- Properties remained on the market for an average of 14 days last month, the swiftest in data back to 2011. “People are trying to take advantage of their interest-rate lock,” Yun said
- Some 88% of homes sold in June were on the market for less than a month
- Existing condominium and co-op sales decreased 9.8% from a month earlier; sales of single-family homes dropped 4.8% in June
- Existing-home sales account for about 90% of US housing and are calculated when a contract closes. New-home sales, which make up the remainder, are based on contract signings, and will be released next week
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