Pending Home Sales Fell In July For Second Consecutive Month
The number of homes under contract nationally fell nearly 2 percent
The number of homes under contract nationally fell nearly 2 percent
New home starts were down 45 percent compared to June 2021
Home may still be selling quickly and generally over-asking, but the market appears to be stabilizing
New monthly numbers show even more price gains for the already-expensive SoCal county
Economists had predicted a small increase, but the data did not meet expectations for the third consecutive month
The median sales price increased 23.4 percent year-over-year—the second-highest level recorded since January 1999
Condos are selling faster than ever—and above asking price for the first time in nine years
As material costs stabilize, single-family home builds were up 6 percent last month
Pending home sales were also down for the first time since May 2020
Despite selling at their fastest pace and for their highest prices on record, overall sales were down
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