NAR: Existing-Home Sales Fell in April But Inventory Increased 9 Percent
Appraisal Buzz
MAY 23, 2024
Lack of inventory, high home prices and rising mortgage rates slowed existing-homes sales in April. According to the National Association of Realtors (NAR), existing-home sales fell 1.9% Despite a 9% month-over-month increase in inventory in April, home prices continued to increase: The median existing-home price jumped 5.7%
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