Existing home sales rose 7.5% in June from the prior month on a non-seasonally adjusted basis and prices increased for the third consecutive month, according to new figures compiled by RE/MAX.

However, sales are lagging 10.6% behind the level set in June 2010. Also, home values are down 4.9% from a year ago. The median sales price in June was $193,791.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.