Inventory reaches 1.62 million units, while the median existing-home price rises 1.6% from a year earlier.
National Association of Realtors
Sales declined to a seasonally adjusted annual rate of 4.06 million, while housing inventory fell 1.9% from June.
Median existing-home price rose 1.8% year-over-year to $440,600.
President postpones approval of housing legislation while calling for passage of a separate voter identification measure.
Median existing-home price rose to $429,300 while total inventory reached 1.55 million units, a 4.5-month supply.
Sales run at a 3.98 million annual pace as inventory rises and the 2026 forecast is lowered.