We're about 1/3 into July and the rate of sales continues to slow down. At the current pace, we'll be down another ~25% from the slow pace in June and ~50% down year-to-year.
Inventory holding steady for now and prices are slightly down across SFH and condos (though SFH average is slightly skewed higher by a 4.2 million sale.) It's now getting close to 7 months on average to sell a SFH.
Again, still surprised at the magnitude of the crash in sales numbers even before any major interest rate bumps (then again, what do I know?) Though most analysts still predict another hike on the 20th, especially after the job report numbers this month.
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