Inman

A month in review: The June housing market

Every month, economists release a number of indices, reports and analyses of the housing market, and it can be difficult to keep up with them all.

Thankfully, the National Association of Realtors (NAR) recapped the month in its Housing Minute monthly video series, and below is also a recap of the June housing news we covered at Inman.

Although the housing market is recovering, some demographics are still dealing with the impact of the recession. 

June sales are down 1.8 percent month-over-month and up 0.7 percent year-over-year, and June sales prices rose 6.5 percent year-over-year to a new peak median of $263,800.

Rental construction is booming, keeping would-be buyers from making the leap into homeownership.

Signed contracts rose after a three-month decline, increasing 1.5 percent month-over-month to 110.2. But, pending home sales are still 7.1 percent lower than June 2016.

Email Marian McPherson.