Wednesday, May 15, 2024 | The Latest Buzz for the Appraisal Industry

Existing-Home Sales Fell For a Fourth Straight Month in May

Existing-home sales dipped 0.9% in May compared with April, mainly due to limited supply and rising home prices, according to the National Association of Realtors (NAR).

It was the fourth consecutive month that existing-home sales declined.

Year-over-year, sales were up 44.6%, however, home sales in May 2020 were severely impacted by the pandemic.

Regionally, and month over month, existing-home sales fell 0.4% in the South, 1.4% in the Northeast, and 4.1% in the West.

This post was originally published on this site

Karen Connolly

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