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Bright MLS June 2024 Housing Report: Home sales slower in June as affordability is a growing concern

Summary by Benzinga
Inventory increases for buyers who remain in the market Home sales are tracking behind last year's totals as prices hit record highs and mortgage rates remain stuck near 7%. Across the Mid-Atlantic, there were 20,552 home sales in June, which was 10.4% lower than last June. The number of sales also dropped by 3.2% between May and June, counter to typical seasonal trends. Buyers who remain in the market will find more options to choose from. Act…
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