Housing Market Starts to Cool

The video discusses the cooling of the housing market, with existing home sales priced at a median of $358,000 in August, down from nearly $400,000 in June. First-time buyers constitute less than a third of sales, a decrease from the previous year. Additionally, new homes are selling faster, spending about 17 days on the market.

What was the approximate price range for existing home sales mentioned?

What was the trend in existing home sales compared to last year?