However, home prices were up 16%, and new listings posted their first year-over-year decline since February, which could signal a tightening market.
The 7% increase was the smallest since June 2020, but home prices rose 14% from a year earlier. Asking prices have also ticked up in recent weeks.
However, rents are climbing rapidly in some places, up over 20% from a year earlier in many Florida metros, Riverside, CA, Phoenix and Las Vegas.
Strong demand pushed home prices up 14% from a year earlier.
Homes are also taking longer to sell. Still, prices are up 15% from a year ago.
Homebuying demand has softened somewhat and the share of home sellers dropping their price each week rose to 5.1%, but pending sales are still 10% above this time last year.