【NAR】Existing-Home Sales Slid 5.4% in June

• Existing-home sales declined for the fifth straight month to a seasonally adjusted annual rate of 5.12 million. Sales were down 5.4% from May and 14.2% from one year ago.
• The median existing-home sales price climbed 13.4% from one year ago to $416,000, a new record high.
• The inventory of unsold existing homes rose to 1.26 million by the end of June, or the equivalent of 3.0 months at the current monthly sales pace.

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