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    • WFTV Channel 9 Orlando

    U.S. home prices are the most expensive they have ever been

    By James Tutten,

    2024-07-24

    Home prices in the U.S. are the most expensive they have ever been.

    ▶ WATCH CHANNEL 9 EYEWITNESS NEWS

    The National Association of Realtors says the median price of a previously owned home increased to nearly $427,000 last month.

    June was also the 12th month in a row in which prices increased on an annual basis.

    Read: Foreign investment in U.S. homes declines as buyers face tight inventory, high prices

    Meanwhile, existing home sales fell more than 5% last month.

    Experts say that is a sign of weakening demand.

    Watch: ‘I just need help’: Orange County residents report issues submitting applications to affordable housing waitlist

    Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.

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