Existing-home sales rose 3.2% month-over-month and year-over-year to a 4.17 million annual rate, with increases in the Northeast, Midwest, and South. Median home prices reached $429,300, up 1.3% year-over-year, marking 35 consecutive months of price gains. Housing affordability improved, with the index at 105.6. Inventory rose slightly to 1.55 million units, maintaining a 4.5-month supply. Mortgage rates averaged 6.44%.
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