22.05.202514:08:46UTC+00US Existing Home Sales at 6-Month Low

In April 2025, U.S. existing home sales experienced a slight decline of 0.5% compared to the previous month, bringing the seasonally adjusted annual rate to 4.00 million units—the lowest figure recorded in six months. This decline followed a rate of 4.020 million in March and fell short of the anticipated 4.1 million. Regional sales performances varied, with decreases noted in the Northeast (-2%) and West (-3.9%), a rise in the Midwest (2.1%), and stability in the South. The housing inventory increased to 1.45 million units, marking a 9% rise from March. The median price for existing homes reached $414,000, reflecting a 1.8% increase over the previous year. Lawrence Yun, Chief Economist for the National Association of Realtors, commented, "Despite the addition of seven million jobs to the economy, home sales remain at 75% of pre-pandemic levels over the last three years. There is growing but unrealized housing demand, which may be activated by any significant decrease in mortgage rates. From a macroeconomic perspective, we remain in a mild seller's market. Nonetheless, the highest inventory levels seen in nearly five years offer consumers improved leverage for negotiations."