Single family home sales also declined with sales falling 2.0% from May but rising 0.6% above the level seen a year earlier while the median selling price increased 5.1% over the same period.
Inventory of single family homes went flat from May at 1.74 million units, falling 7.4% below the level seen in June 2016 which, along with the sales pace, resulted in a monthly supply of 4.3 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.
