Housing Minute is a monthly video series highlighting the latest housing data from the National Association of Realtors® in a minute or less.
Homes sold quickly, but lean inventory levels caused existing-home sales to shift downward in June. The news was better for pending home sales.
Last month was an uneven month for the housing market. The robust demand for buying a home helped spur an uptick in existing sales, but weak inventory levels continued to push up price growth while slowing the number of home contract signings.