Search
  • Metro East REIA

Existing Home Sales See Third Straight Month of Declines

The National Association of Realtors is reporting that existing home sales were down 2.7% in April to a seasonally-adjusted annual rate of 5.851 million (up 33.9% from one year ago). Total housing inventory at the end of April was 1.16 million units, down 20.5% from one year ago. Unsold inventory sits at a 2.4-month supply at the current sales pace with properties remaining on the market for around 17 days. The median existing-home price for all housing types was $341,600, up 19.1% from April, 2020. Once again, there just aren’t enough homes for sale out there to meet demand. Continue reading HERE...

0 views0 comments

Recent Posts

See All

AHS Profile of Owners and Renters

What kind of homes are owners and renters living in? Using data from the latest American Housing Survey, today’s infographic from the Census Bureau illustrates how owners & renters occupy housing of

Arbor’s Single-Family Rental Investment Trends Report

According to Arbor’s Q1 2021 Single-Family Rental Investment Trends Report, if there were three real estate headlines to come out of the pandemic, they would focus on work-from-home trends, online ret