Existing-home sales and contract signings both stumbled in July as stubbornly low levels hampered the housing market and kept home prices rising at a robust pace.

Visit https://www.nar.realtor/videos/housing-minute to watch a 53-second, animated video from the National Association of Realtors® summarizing how the housing market performed in July, as well as a regional breakdown of median single-family home prices both regionally and in the top five most expensive markets during the second quarter of 2017.

Source: Newsline

Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission.