The unsold homes currently range in price from $1.6 million to $2.8 million.

We are sitting on a large stock of unsold homes.

And the number of unsold homes on the market has grown, rising by 24.4 percent over the last 12 months, to 555,000.

While the number of unsold existing homes for sale fell 1.6 percent in March, to 3,745,000, it took longer to sell a home.

"One thing that caught a lot of people's attention was this nine-year high in unsold homes."

Home sales in June were up and the inventory of unsold homes is down.

"The inventory of unsold homes is up 16 percent over a year ago," he said.

But now home sales are falling and the number of unsold homes is at the highest level ever.

The number of unsold homes on the market reached a record for the second consecutive month.

The supply of unsold homes fell to a record low.