US existing home sales fell 2.7% in June, more than economists expected. The decline left the number of homes sold at the slowest since Sep. 2024. The year-over-year change was flat while the median home price rose 2% two percent from a year ago to $435,300, a record high for the month of June. “Multiple years of undersupply are driving the record-high home price,” said NAR chief economist Lawrence Yun in a statement.
