top of page
Search
  • Metro East REIA

Existing Home Sales Down 3.4% in May

he National Association of Realtors is reporting that existing home sales were down 3.4% in May to a seasonally-adjusted annual rate of 5.41 million (down 8.6% year over year). Total housing inventory at the end of May was 1,160,000 units, down 4.1% from one year ago. Unsold inventory sits at a 2.6-month supply at the current sales rate with properties remaining on the market for around 16 days. The median existing-home price for all housing types in May was $407,600 (surpassing the $400k mark for the first time) and was up 14.8% from one year ago. The NAR says this marks 123 consecutive months of year-over-year increases, still the longest-running streak on record. Continue reading HERE...

1 view0 comments

Recent Posts

See All

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.6% in August, 2023. The all items index was up 3.7% for the 12 months ending in

None of us knows what life will bring. All of a sudden, your ability to generate income may be severely restricted by an illness or injury. In the past few months, my office has worked with several in

bottom of page