Home sales stay flat in June(Read article summary)
Single family home sales did not change from May, but the inventory rose 5.9 percent
Single family home sales went unchanged from May falling 7.4% below the level seen last year while the median selling price increased a slight 0.6% above the level seen in June 2010.
Further, inventory of single family homes remains high climbing 5.9% from May and 0.1% above the level seen in June 2010 which, combined with the relatively slow pace of sales, resulted in an increase in the monthly supply to 9.4 months.
The following charts (click for full-screen dynamic version) shows national existing single family home sales, median home prices, inventory and months of supply since 2005.
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