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flag US home sales hit a 42-month low in June, with median prices reaching a record $435,300.

flag US home sales fell 2.7% in June to a seasonally adjusted annual rate of 3.93 million units, the lowest pace since September 2021. flag The national median sales price hit a record high of $435,300, up 2% from last year. flag High mortgage rates and rising prices are making it difficult for potential buyers, especially first-time homebuyers, who comprise only 30% of sales in June. flag The housing inventory remains low, with a 4.7-month supply of homes available at the current sales pace.

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