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WATCH: July Housing Minute

 

Homes continued to sell quickly in June, but the lean inventory levels in many markets caused existing-home sales to shift downward. The news was better for pending home sales, as contract activity increased last month for the first time since February.

Click on the video above or visit https://www.nar.realtor/videos/housing-minute to watch a 50-second, animated video from the National Association of Realtors® summarizing how the housing market performed in June, as well as some of the key findings from this month’s release of the 2017 Profile of International Activity in U.S. Residential Real Estate.