by Wolf Richter
Wolf Street
Sales edge up, after sagging for months, amid Crazy Spiking Prices.
Inventories of existing single-family houses, condos, and co-ops rose for the fourth month in a row. Sellers are coming out of the woodwork, and new listings have been rising for months, this being a perfect time to sell a home. Sales ticked up a tiny bit from the prior month, after months of sharp declines that worked off the entire Pandemic spike. And prices spiked to high heaven. That’s the housing market in June, according to data from the National Association of Realtors today.