Home Prices Decline Again in July [Infographic]

August 17, 2023

July 2023 U.S. Housing Market Report Infographic

July 2023 Highlights

  • The median price of homes for sale decreased by -0.9% annually to $440,000 in July, the second month in a row that listing prices decreased on a year-over-year basis.
  • Home sellers were less active in July, with 20.8% fewer new homes listed for sale than last July.
  • The number of homes actively for sale decreased by 6.4% compared to July 2022, contributing to a renewed inventory crunch.
  • The total number of unsold homes, including homes under contract, decreased by 9.1% compared to a year ago.
  • Homes spent 45 days on the market, which is 11 days longer than last year but still shorter than before the COVID-19 pandemic.
Posted in Real Estate