NAR sees existing-home sales rise ‘ever so slightly’ in July

Current-home gross sales edged up in July, as rising stock and bettering affordability pushed extra homebuyers into the market. The sale of single-family, townhomes, condominiums, and co-ops elevated 2 % month-over-month and 0.8 % year-over-year to a seasonally adjusted annual charge of 4.01 million. Complete housing stock jumped 0.6 % month-over-month and 15.7 % year-over-year to 1.55 million items, representing a 4.6 months of provide on the present gross sales tempo—the best degree since Might 2020.



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