Current Market Data
At the same time, the median existing-home price rose 13.4% year over year to $416,000.
Our exclusive Q2 Real Data from Midwest Real Estate Data shows the top producers. Did your brokerage make the list?
Nationwide, sales hit their highest level of the year, rising 4.7% from June but falling 17.6% on a year-over-year basis, RE/MAX said.
July saw the NAHB/Wells Fargo Housing Market Index post its second-largest monthly drop ever, as worries about housing affordability dampened builder sentiment.
High mortgage rates and increased prices are keeping homebuyers on the sidelines.
About 14.9% of home-purchase agreements nationwide fell through in June, the highest percentage in more than two years.
Today buyers are finding more inventory, slowing price growth, competition declines and dropping mortgage rates.
The number of homes available to buyers climbed 18.7% in June, the sharpest year-over-year increase in the history of the report.
What does the latest S&P CoreLogic Case-Shiller Index show about Chicago real estate?
The increase ends a six-month string of monthly declines, the National Association of REALTORS® said.