US Home Sales Surge 9% Month-over-Month as Summer Begins

What are the latest trends in the US housing market? Late in Q2, US home sales increased by approximately 9% month-over-month and around 8% year-over-year, indicating robust market momentum as summer commenced without a significant nationwide supply disruption. Active inventory rose by roughly 5% month-over-month and about 3% year-over-year, while the months' supply climbed to 2.7 from 2.5, providing buyers with more options across the country. Although new listings dipped by 2% compared to mid-Q2, they experienced a 2% yearly increase, reflecting a balanced supply despite continued activity from both buyers and sellers. The median sales price reached $460,000 in late Q2, showing a 2% increase both month-over-month and year-over-year, with buyers paying around 99% of the asking price, underscoring steady pricing and competitive conditions nationwide.

With varying trends in sales, inventory, and pricing, insights from a real estate professional can significantly enhance decision-making for buyers and sellers alike.

For expert insights on the Greenville County real estate market, connect with Sharon Nelson, realtor at The Genesis Team.