<h2 class="topline-heading">Topline</h2><p>Sales of existing homes slid 2.7% in June, according to data from the National Association of Realtors, which reported a median sales price of $435,000 for homes that same month—their highest price ever.</p><figure class="embed-base image-embed embed-0" role="presentation"><div class="image-embed__placeholder"><img src="https://specials-images.forbesimg.com/imageserve/68811252a28b04ded305c8e5/US-ECONOMY-HOUSING-REAL-ESTATE/960x0.jpg?cropX1=0&amp;cropX2=3138&amp;cropY1=0&amp;cropY2=2092" alt="US-ECONOMY-HOUSING-REAL ESTATE" width="100%" height="auto"></div><figcaption><fbs-accordion><p class="color-body light-text" role="button">Home sales slid 2.7% month-to-month. (Photo by PATRICK T. FALLON/AFP via Getty Images)</p></fbs-accordion><small>AFP via Getty Images</small></figcaption></figure>

<div class="key-facts-element"><p>The 2.7% decrease in sales was recorded month-to-month, translating to an annual rate of 3.93 million home sales in the U.S., on a seasonally adjusted basis.</p></div>

<em>This is a developing story. Check back for updates.</em>

Several years of undersupply are the driving factor behind the record home prices,  which reached a median of $435,000 last month.{ai:summary}<p>Sales of existing homes fell 2.7% in June, marking a monthly decline and an annual rate of 3.93 million sales, according to the National Association of Realtors. The median sales price reached a record high of $435,000.</p><p>This decline highlights ongoing challenges in the housing market. #economy</p>

U.S. Home Sales Fall 2.7% In June Amid Record Prices

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