Sales of existing U.S. homes fell 2.7% in June from May on a seasonally adjusted, annualized basis, according to the National Association of Realtors, but they were flat compared to a year ago. Meanwhile, home prices hit a record high for the month of June, increasing 2% from last year to $435, 300. Homes also spent longer time on the market with an average of 27 days, up from 22 in June 2024.