Brand Report: Home Sales Cool, Price Increases Moderate

Unlike the month’s temperatures, July home sales cooled off from June’s highest year-to-date level. In the RE/MAX National Housing Report analysis of 53 U.S. cities, July sales fell in 49 markets by 8.8 percent from July 2015 and by 13.1 percent from June. Over the last seven years, the average drop in sales from June to July has been 8.2 percent. The Median Sales Price dropped slightly from June to $225,000, which is still 4.7 percent higher than one year ago. At the same