Existing-home sales increased 2.0% in July compared with June to reach a seasonally adjusted annual rate of 5.99 million, according to the National Association of Realtors (NAR).
Year over year, existing home sales were up 1.5%.
Regionally, and year over year, existing-home sales were up 12.1% in the Northeast and 1.2% in the South. They were flat in the West and decreased 1.4% in the South.
“We see inventory beginning to tick up, which