Home resales slowed to a 4.09 million seasonally adjusted annual rate in June from a 4.19 million rate in May.
Sales were still up 2.8% from June 2025.
Three of the four US regions posted month-over-month sales declines in June, with an increase in the Northeast the only exception. There were higher sales in three of the four regions compared with a year earlier, with sales in the Northeast unchanged over the same period.
"The back-and-forth in monthly home sales activity, driven by mild fluctuations in mortgage rates, shows how sensitive home buyers are to affordability conditions," said NAR Chief Economist Lawrence Yun. "However, job gains -- more than half a million since the beginning of the year -- will continue to provide support for the housing market."
Homes were on the market for 28 days on average, down from 29 days in the previous month but up from 27 days a year ago.
The supply of homes for sale fell to a 1,560,000 level from 1,570,000 in May but was up 1.3% from a year ago. The median sales price rose by 1.8% year-over-year to a record high.
Initial jobless claims decreased by 2,000 to 215,000 in the week ended July 4, trimming the four-week moving average by 3,750 to 218,750, a second straight decrease.
Insured claims rose by 8,000 to 1.814 million in the week ended June 27.
Natural gas stocks rose by 61 billion cubic feet to 2.983 trillion cubic feet in the week ended July 3, down 0.5% from a year earlier but 6.6% higher than the seasonal average for the current week over the previous five years.