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Home Sales: Difference between revisions
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* Total housing inventory was 980,000 units, up 1% from February and 5.4% from one year ago | * Total housing inventory was 980,000 units, up 1% from February and 5.4% from one year ago | ||
* The median existing-home price for all housing types was $375,700, a decline of 0.9% from March 2022. | * The median existing-home price for all housing types was $375,700, a decline of 0.9% from March 2022. | ||
* Pending home sales in the US fell by 5.2% month-over-month in March 2023, the first decline since November 2022 and missing market expectations of a 0.5% growth.<ref>https://tradingeconomics.com/united-states/pending-home-sales-mom</ref> | * Pending home sales in the US fell by 5.2% month-over-month in March 2023, the first decline since November 2022 and missing market expectations of a 0.5% growth.<ref name=":2">https://tradingeconomics.com/united-states/pending-home-sales-mom</ref> | ||
=== April 2023 === | === April 2023 === | ||
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* Total inventory of unsold existing homes rose by 3.8% from the previous month to 1.08 million, reflecting 3 months of supply at the current pace of sales. | * Total inventory of unsold existing homes rose by 3.8% from the previous month to 1.08 million, reflecting 3 months of supply at the current pace of sales. | ||
* The median existing-home price for all housing types fell by 3.1% compared to the corresponding month of the previous year to $396,100. | * The median existing-home price for all housing types fell by 3.1% compared to the corresponding month of the previous year to $396,100. | ||
* Pending home sales in the US fell 2.7% month-over-month in May of 2023, to the lowest level this year, and worse than market forecasts of a 0.5% drop as limited supply and high-interest rates continue to negatively impact sales. | * Pending home sales in the US fell 2.7% month-over-month in May of 2023, to the lowest level this year, and worse than market forecasts of a 0.5% drop as limited supply and high-interest rates continue to negatively impact sales.<ref name=":2" /> | ||
== References == | == References == | ||