US Home Sales and Prices Decline in April
TL;DR Summary
Existing-home sales in the US decreased by 3.4% in April, with all four major regions registering month-over-month and year-over-year sales declines, according to the National Association of Realtors. Total housing inventory registered at the end of April was 1.04 million units, up 7.2% from March, while the median existing-home price for all housing types in April was $388,800, a decline of 1.7% from April 2022. First-time buyers were responsible for 29% of sales in April, up from 28% in both March 2023 and April 2022.
Topics:business#existing-home-sales#first-time-buyers#housing-inventory#median-home-price#national-association-of-realtors#real-estate
- Existing-Home Sales Faded 3.4% in April National Association of Realtors
- Home Prices Posted Largest Annual Drop in More Than 11 Years in April The Wall Street Journal
- April existing home sales fall 3.4%; leading economic indicators down 0.6% CNBC Television
- U.S. house prices experience the largest yearly decline since January 2012 MarketWatch
- US home prices fall by most in 11 years but sales are down CNN
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