EXISTING-HOME SALES FELL 3.4% IN APRIL AND 23.2% IN LAST YEAR

Key Points:

  • Existing-home sales fell 3.4% in April from March and 23.2% from one year ago.
  • The median existing-home sales price decreased 1.7% from one year ago to $388,800.
  • Existing-home sales in the Northeast fell 1.9% from March and 23.9% from April 2022. The median price in the Northeast was $422,700, up 2.8% from the previous year.
  • In the Midwest, existing-home sales declined 1.9% from one month ago and 21.5% from the prior year. The median price in the Midwest was $287,300, up 1.8% from April 2022.
  • Existing-home sales in the South decreased 3.4% from March and 20.2% from one year ago. The median price in the South was $357,900, down 0.6% from April 2022.
  • In the West, existing-home sales slipped 6.1% from the previous month and 31.3% from the previous year. The median price in the West was $578,200, down 8.0% from April 2022.
  • The Right Facts will continue to monitor home sales.