The median price for single-family, re-sale homes rose for the third month in a row in June, gaining 5.7% from May. Year-over-year, the median price for homes was off 13.3%. This is the lowest price differential since November 2007.

The average price rose for the fourth month in a row by gaining 0.1% from May, off 17.3% year-over-year.

Sales of single-family, re-sale homes were up 11.1% year-over-year. This is the fourteenth month in a row home sales have been higher than the year before. Year-to-date, home sales are up 26.4%.

Inventory was also up in June by 5.4% from May, and was up 6.1% year-over-year. Pending sales continue to be positive with the number of properties under contract rising 1.8% from May and up 137.5% year-over-year.

Condo sales were up 18.3% compared to last June.

The median price for condos rose 5.5% from May, but was off 16.9% year-over-year.

Condo inventory was up 4.7% from May, and up 12.4% year-over-year. Pending sales were up 2.6% month-over-month, and up 146.9% compared to June 2008.