Tracey Barrett with the FOCUS on NoVA Real Estate team breaks June and mid-July down in 1-minute.
In June the number of homes sold compared with June 2021 was DOWN almost 25%. This is a direct result of increasing interest rates and lower inventory. Inventory was down 8.8% and new listings down a whopping 18.6%. Illustrating “The Feds” intention to slow down the incredible inflation (housing sales price median was up 3.7% over last June) is working.
