Purchases of condominium and co-op units were unchanged at a 640,000 pace.
First-time buyers made up 32 percent of all sales in June, compared with 33 percent the prior month.
NAR’s Yun says homes typically sold in 28 days, compared with 34 days in June 2016. 54 percent of homes sold in June were on market for less than a month.
This article was provided by Bloomberg News.