Metro East REIA
- May 31, 2021
- 1 min read

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...

Recent Posts

See All

Your Guide to the Renter’s Bill of Rights – Parts 1 & 2

Recently, the Biden Administration released its Blueprint for the Renters Bill of Rights. On two recent episodes of the Rent Perfect Podcast, David Pickron and his General Counsel Denny Dobbins discu

Existing-Home Sales Surge 14.5% in February

The National Association of Realtors is reporting that existing home sales were up 14.5% in February to a seasonally-adjusted annual rate of 4.58 million (down 22.6% year over year). Total housing in

Federal Judge Halts Biden Administration Waters Rule in Texas & Idaho

Bloomberg Law has reported that a federal judge in Texas has issued a preliminary injunction against the Biden administration’s waters of the US rule (aka WOTUS). However, the injunction only applies