From the National Association of Realtors:
April Year-over-year Sales – Unadjusted
Median Sales Price Changes
Inventory is up a staggering 36.7% year-over-year. Current supply stands at 6 months, up 7.1% from last month.
April Year-over-year Sales (Condo/Coop Only) – Unadjusted
Median Sales Price Changes (Condo/Coop Only)
Condo/Coop inventory is up 62.2% year-over-year. Current supply stands at 7.1 months, up 2.9% from last month.
Sales of previously-owned homes in the U.S. fell last month, reinforcing expectations that a slowdown in housing will help cool economic growth this year.
Home purchases fell 2 percent in April to an annual rate of 6.76 million from 6.9 million in March, the National Association of Realtors said today in Washington. Compared with a year earlier, sales fell 5.7 percent.
Economists expected existing home sales to fall to a 6.75 million rate from an initially reported March rate of 6.92 million, according to the median of 57 forecasts in a Bloomberg News survey. Estimates ranged from 6.4 million to 6.95 million.