Single-family home sales also declined. Sales decreased 2.0% compared to May, but rose 0.6% yoy compared to the mean sales price increasing 5.1% over the same period.
The number of single-family homes declined unchanged from May at 1.74 million units, 7.4% below the level in June 2016, which together with the pace of sales led to a monthly supply of 4.3 months.
The following diagrams (click for dynamic full screen version) show the national sales of single-family houses, the average property prices, the inventory and the delivery months.
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