Home sales in June were flat compared with a year ago. There were 1.53 million units for sale at the end of June, an increase of 15.9% year over year. Home prices in June hit a record high for the month. Homes in Los Angeles, California, US, on Sunday, July 13, 2025. Like in the broader US market, home sales have slowed in Southern California as high interest rates and economic uncertainty chill demand. Eric Thayer | Bloomberg | Getty Images
Sales of previously owned homes in June dropped 2.7% from May to 3.93 million units on a seasonally-adjusted, annualized basis, according to the National Association of Realtors. Analysts had expected a drop of just 0.7%. Sales were unchanged from June 2024.
This report is based on closings, so contracts that were likely signed in April