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Home Sales Surge Hides Slowing Pipeline | Dayton News
July’s home sales surge looks great on paper—up 7% year-over-year—but the real story is in the pending sales, which barely ticked up 0.3% and actually fell 7.7% from June, signaling a drying pipeline for future closings. Zillow warns that July’s strong numbers reflect deals signed in June when rates were lower, now rising to 6.7% thanks to oil shocks, causing buyers to pause. With inventory tight and homeowners locked in on low rates, supply remains scarce despite record-high median resale prices hitting $440,600 in June. Expect a tougher second half—with flat or falling sales—and a market…
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