U.S. HOME PRICES HIT RECORD HIGH, UP 19.1% SINCE APRIL 2020

Key Points:

  • Existing home sales continue to trend down as the housing supply falls short of demand, increasing costs.
  • The median existing home sales price rose 19.1% in the last year, the highest increase on record.
  • April’s median home price of $341,600 is also the highest median price on record.
  • Existing home sales fell 2.7% in April to 5.85 million.
  • This was the third consecutive monthly decline, but sales are still up 20% since January.
  • The Right Facts will continue to monitor home sales.
Source