June existing home sales dip for third straight month, prices rise to all-time high

Existing-home sales decreased for the third straight month in June, falling by 0.6 percent from May and down 2.2 percent year-on-year. The ongoing supply and demand imbalance helped push June’s median sales price to a new all-time high of $276,900, up 5.2 percent year-on-year.

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