Weekly Market Observations — June 28,2023

Here’s Our Weekly Market Observations :

May had the lowest number of home sales in over a decade

Home prices continue to rise as buyers outnumber sellers

NAR reports May home sales up slightly from April, but down 20.4% YOY

Report compares brokerage profitability, with eXp Realty topping the chart

Average 30-year fixed mortgage rates down slightly to 6.67%