The median US home-sale price reached $400.9K, ↑~2% yearly, for the four weeks ending June 7, crossing $400K for the first time.
Typical monthly payments sat near an 11-mo high at $2.6K, with stubborn prices and mid-6% mortgage rates stretching budgets for many buyers.
Pending sales registered ↓<1% recently, while total homes for sale stayed essentially flat and new listings were slightly higher, keeping supply tight.
Prices reflected deals negotiated in Early-Q2, when rates were lower and demand was stronger, so current closings may lag today's conditions for buyers.
Buyer’s market conditions are giving many US buyers room to negotiate, ask for seller concessions, and seek terms fitting current budgets more closely.
