Existing-Home Sales Decline 2.7% in April
iCrowd Newswire
Key Highlights
Year-to-date – months January to April – sales are still up 20%.
The median existing-home sales price rose to 19.1% year-over-year to $341,600, both record highs.
Existing-home sales waned in April, marking three straight months of declines, according to the National Association of Realtors®. All but one of the four major U.S. regions witnessed month-over-month drops in home sales, but each registered double-digit year-over-year gains for April.
Total
existing-home sales,1 completed transactions that include single-family homes, townhomes, condominiums and co-ops, slipped 2.7% from March to a seasonally-adjusted annual rate of 5.85 million in April. Sales overall jumped year-over-year, up 33.9% from a year ago (4.37 million in April 2020).
The National Association of REALTORS® (NAR) will, on Monday, kick off its 2021 REALTORS® Legislative Meetings, an annual event which will be held virtually for the second straight year due to lingering COVID-19 complications. While about 9,000 REALTORS® typically descend on Washington, D.C., for the Legislative Meetings each May, more than 13,200 are currently slated to participate […]