NAR: Existing-Home Sales Down Almost 1% in May

Kennith Bogan

WASHINGTON – Nationwide present-residence revenue diminished for a fourth straight month in May perhaps, according to the Nationwide Affiliation of Realtors® (NAR). Only 1 big U.S. region recorded a thirty day period-over-thirty day period boost, while the other three regions observed sales drop.

However, just about every of the 4 regions once more registered double-digit calendar year-around-calendar year gains, however in Could 2020, nationwide pandemic limits afflicted some residence income.

Full existing-property revenue – concluded transactions that contain one-family members homes, townhomes, condominiums and co-ops – dropped .9% from April to a seasonally-modified once-a-year charge of 5.80 million in May. Sales in complete climbed yr-more than-year, up 44.6% from a 12 months back (4.01 million in May 2020).

“Home gross sales fell reasonably in Might and are now approaching pre-pandemic action,” claims Lawrence Yun, NAR’s main economist. “Lack of stock proceeds to be the mind-boggling factor holding again residence profits,

Read More

Fla.’s May Housing Market Strong, Shows 2020 COVID-19 Impact

Kennith Bogan

Florida Realtors’ details: May perhaps had additional shut income, more new listings and better median price ranges (up 27.7% for single-spouse and children homes, 24.1% for condos) than a calendar year back. 

ORLANDO, Fla. – Florida’s housing market place continued to report more shut gross sales, larger median price ranges, more new listings and greater pending stock when compared to a 12 months back, according to Florida Realtors® latest housing details. Take note that this month’s May well 2020 comparison data demonstrates the state lockdown and financial uncertainty that happened final spring all through the coronavirus pandemic.

One-way links to /media/2350

Inventory of existing family members residences rose for the 1st time considering the fact that March 2020, albeit only a little bit. Could this signify we are lastly at the commence of a very long march back again towards a balanced marketplace?

“In May possibly, Florida’s housing sector

Read More