US Homes Hit ‘Highest Price Ever Recorded’ as Sales Numbers Fall: Report

‘Homes are sitting on the market a bit longer, and sellers are receiving fewer offers,’ economist Lawrence Yun said.

A home for sale in a Brooklyn neighborhood in New York City, on March 31, 2021. Spencer Platt/Getty Images

The sale of existing homes fell by 5.4 percent in June compared to May, amid the median sales price hitting the “highest price ever recorded,” according to a July 23 press release from the National Association of Realtors (NAR).

The median existing home sales price for June was $426,900. All four U.S. regions—Northeast, Midwest, South, and West—posted sales declines for the month.