Home Sales Report June Of 2021

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CDRE #01044712

On July 22, 2021, National Association of Realtors® (NAR) reported that nationwide existing home sales gained 1.4% to annual rate of 5.86 million homes in June of 2021 from 5.80 million homes in May of 2021, and rose 22.9% from 4.77 million homes from June of 2020.

There were 1.25 million homes supplies of available inventory in June of 2021, higher 3.3% from May of 2021, but fell 18.8% from 1.54 million homes in June of 2020; while, there were 2.6 months available inventory in June of 2021 up from to 2.5 months in May of 2021, but decreased from 3.9 months in June of 2020.

On average it took 17 days to sell a home in June of 2021, unchanged from 17 days in May of 2021, but dropped from 24 days in June 2020.

First time buyers acquired 31.0% of homes in June of 2021, same as from 31.0% in May of 2021, but declined from 35.0% in June of 2020.

Investors purchased 14.0% of homes in June of 2021, lower from 17.0% in May of 2021, but increased from 9.0% in June of 2020.

Cash buyers purchased 23.0% of all sales in June of 2021, unchanged from 23.0% in May of 2021, but jumped from 16.0% in June of 2020, according to NAR on July 22, 2021.

Lawrence Yun, NAR chief economist, stated "Home sales continue to run at a pace above the rate seen before the pandemic."

For more complete information, on NAR's June 2021 existing home sales report, please click HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

Comments (8)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi John - thanks for sharing the report.  Let's hope the supply continues to grow.

Jul 24, 2021 05:37 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning and thank you John once again for your variety of important market reports.

Jul 24, 2021 05:40 AM
Kristin Johnston - REALTOR®
RE/MAX Realty Center 262-567-2455 - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and have a wonderful day!

Jul 24, 2021 06:44 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Grant Schneider you are welcome, and glad you find the report very helpful. I agree, let's hope the supply continues to grow. Thanks for the comment.

Jul 24, 2021 07:46 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good morning Rocky Dickerson you are welcome once again, and glad you find my market reports very informative. Thanks for the comment.

Jul 24, 2021 07:48 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Kristin Johnston - REALTOR® you are welcome, and glad you find the report very informative informative. Have a wonderful day too! Thanks for the comment.

Jul 24, 2021 07:51 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi John- thank you for the national home sales reports for June 2021!!!

Jul 24, 2021 12:56 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Kathy Streib you are welcome, and glad you find the home sales report very helpful. Thanks for the comment.

Jul 24, 2021 04:57 PM