ORLANDO, Fla. — Home prices in the U.S. are the most expensive they have ever been.
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The National Association of Realtors says the median price of a previously owned home increased to nearly $427,000 last month.
June was also the 12th month in a row in which prices increased on an annual basis.
Read: Foreign investment in U.S. homes declines as buyers face tight inventory, high prices
Meanwhile, existing home sales fell more than 5% last month.
Experts say that is a sign of weakening demand.
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