cnbc.com_2 on Nostr: Summary of July home sales break a four-month losing streak as supply rises nearly ...

Summary of July home sales break a four-month losing streak as supply rises nearly 20% over last year

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July home sales break a four-month losing streak as supply rises nearly 20% over last year


At the end of the month there were 1.33 million homes on the market, an increase of 0.8% from June and 19.8% higher than July 2023.

https://www.cnbc.com/2024/08/22/july-home-sales-break-4-month-losing-streak-as-supply-rises-nearly-20percent.html

Closed sales of previously owned homes rose 1.3% in July compared to June, with the Northeast seeing the biggest gains. Prices also rose the most in the Northeast. Despite the modest gain, home sales are still sluggish, but consumers are seeing more choices and affordability is improving due to lower interest rates.