Housing Market Report: July 2021 [Infographic]

August 10, 2021

July 2021 Housing Market Report

Highlights:

  • The five-month streak of record-setting home prices has ended, and the home supply is beginning to inch up.
  • The median home sale price was $362,750 and did not set a new, record high for the first time since early March.
  • Trends for home prices, sales, and new listings are beginning to resemble the typical pattern for this time of year.
  • If low mortgage rates continue, homebuying conditions will likely improve (relative to earlier in the summer), with more options and less competition for homebuyers.
  • According to the U.S. Department of Housing and Urban Development (HUD), the July housing market activity was mixed.
Posted in Real Estate