Home listings, while still low, ↑ in June at the fastest pace in records dating to 2017. Most sellers are in a position to reap big profits because they’re sitting on a mountain of equity. In May, US single-family house prices ↑ ~45% from May 2020. Even though existing-home sales ↓ since February, prices tend to be stickier and sellers have started adjusting expectations.
Market Update