Home buyers were hesitant to jump into the market this spring, which is usually the busiest time of year for home purchases. Home sales in June fell to a 10-month low. Home prices at record highs, along with mortgage rates above 6.5%, have made home purchases unaffordable for many.

Sales of existing homes fell 2.7% in June from the previous month, according to the National Association of Realtors, dropping to a 3.93 million pace. That’s the number of homes that would be sold over an entire year if sales took place at the same rate in every month as they did in June. The numbers are seasonally adjusted.