Overview

• Sales rose 2.0% from June to a 4.01 million annual rate, topping forecasts and up 0.8% from a year earlier.
• Listings climbed to 1.55 million homes, equal to a 4.6‑month supply and the highest level since May 2020.
• The median price was $422,400, up 0.2% year over year for a 25th straight gain, though growth cooled from June’s record.
• Recent 30‑year mortgage rates around the mid‑6% range (~6.58%) helped support closings tied to contracts signed in May and June.
• Cash and investor purchases remained elevated (31% and 20%) as first‑time buyers fell to 28%; sales rose in the Northeast, South and West and slipped in the Midwest.