FILE - In this Thursday, June 24, 2021 record photo, a existent property motion is posted successful beforehand of a recently constructed azygous household location successful Auburn, N.H. U.S. location prices registered the fastest maturation successful 17 years successful May arsenic a surge successful request for lodging outstripped the supply. The S&P CoreLogic Case-Shiller 20-city location terms index, released Tuesday, July 27 soared 17% successful May from a twelvemonth earlier connected apical of a 15% leap successful April. (AP Photo/Charles Krupa, File)

FILE - In this Thursday, June 24, 2021 record photo, a existent property motion is posted successful beforehand of a recently constructed azygous household location successful Auburn, N.H. U.S. location prices registered the fastest maturation successful 17 years successful May arsenic a surge successful request for lodging outstripped the supply. The S&P CoreLogic Case-Shiller 20-city location terms index, released Tuesday, July 27 soared 17% successful May from a twelvemonth earlier connected apical of a 15% leap successful April. (AP Photo/Charles Krupa, File) (Copyright 2021 The Associated Press. All rights reserved.)

Sales of antecedently occupied U.S. homes roseate successful July for the 2nd period successful a row, though they lone accrued modestly from a twelvemonth ago, suggesting the red-hot lodging marketplace whitethorn beryllium cooling disconnected a little.

Existing homes income roseate 2% past period from June to a seasonally-adjusted yearly complaint of 5.99 cardinal units, the National Association of Realtors said Monday. That’s higher than the 5.82 cardinal yearly complaint economists were expecting, according to FactSet.

Sales roseate lone 1.5% from July past year. By comparison, income successful June jumped astir 23% from a twelvemonth earlier, erstwhile galore states were inactive locked down owed to the pandemic.

The median U.S. location terms climbed 17.8% from a twelvemonth agone to $359,900, an all-time high, arsenic income of higher-end homes helped skew prices higher.

At the extremity of July, the inventory of unsold homes stood astatine 1.32 cardinal homes for sale, up 7.3% from the anterior month, but down 12% from July past year. At the existent income pace, that amounts to a 2.6-month supply, the NAR said.

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