Sales of previously occupied U.S. homes rose in June, snapping a fourmonth losing streak, while strong demand for higher-end properties and ultra-low mortgage rates helped push prices to new highs.

Existing homes sales rose 1.4 percent last month from May to a seasonally adjusted annual rate of 5.86 million units, the National Association of Realtors said Thursday. That’s just under the 5.9 million annual rate economists were expecting, according to FactSet.

Sales jumped 22.9 percent from June last year, when some states were still locked down due to the pandemic. Last month’s home sales pace is ahead of the 5.7 million annual rate in February 2020, before the coronavirus led to a spring slowdown in sales last year.

The modest sales rebound last month followed a string of four monthly declines as soaring prices and a limited number of available homes on the market discouraged many would-be buyers, especially those seeking to become homeowners for the first time.

While sales of homes under $150,000 fell in June from a year earlier, buyers who purchased properties that sold for $250,000 or above helped push the median U.S. home price 23.4 percent higher from a year earlier to an all-time high of $363,300, the NAR said.

With so few homes up for sale, it has become routine for anyone putting a house on the market to receive multiple offers that exceed the asking price, and many sell within days.

Still, there are signs the red-hot housing market is beginning to cool a bit, said Lawrence Yun, the NAR’s chief economist.

While the market remains heated, Yun said sellers are now typically receiving about four offers, down from five. Prices are still at all-time highs, but he points out that that tends to be a lagging indicator.

“Maybe we have already turned the corner from super hot to somewhat hot,” Yun said.