The surge of inflation increased in June at the fastest rate since 1981. Rising mortgage rates and continued supply shortages are sustaining the current levels of home prices in most markets. Affordability and inventory shortages continue to put most homes out of the reach of many first-time buyers. Days on market continue to contract while the number of sales has been increasing, but by only a very small amount. Total active listings increased year over year by 29%, while the median listing prices increased by over 18% year-over–year.
