Today, the National Association of Realtors (NAR) released their Existing Home Sales Report for June showing a decline in sales with total home sales sliding 1.2% since May but climbing 15.2% above the level seen in June 2012. Single family home sales also declined falling 1.1% from May but still rising 14.5% above the level seen in June 2012 while the median selling price increased a notable 10.5% above the level seen a year earlier.
Inventory of single family homes increased from May to 1.96 million units but still remained 6.7% below the level seen in June 2012 which, along with the sales pace, resulted in a monthly supply of 5.2 months.
The following charts (click for full-screen dynamic version) shows national existing single family home sales, median home prices, inventory and months of supply since 2005.