Five Months of Existing-Home Sales Declines

For the fifth consecutive month, existing-home sales dropped as three of the four major geographic regions of the country experienced month-over-month declines. On a yearly basis, sales sank in all four regions. All-in-all, total existing home sales for June 2022—which includes single-family homes, townhomes, condominiums, and co-ops—sank 5.4% from May 2022 to a seasonally adjusted …