Existing-home sales weakened in June after gains in the previous month. Continuing tight inventory conditions, especially at more affordable price points, mean that home prices are mildly reaccelerating.
Click the photo above to see NAR's latest statement on existing-home sales.
Cash Sales on the Decline
Individual investors, who account for many cash sales, purchased 10% of homes in June, down from 13% recorded in both May 2019 and June 2018.