Although the number of residential properties sold last month was the highest in years, the annual rate was still lower. The South had the biggest impact on national sales.

The sale of 601,000 single-family homes, townhomes, condominiums and co-operatives were consummated during all of June 2017.

That was the most existing home sales for any single month in at least two years. Sales were 555,000 in May 2017 and a downwardly revised 582,000 in June 2016.

Source: Mortgage Daily