Existing home sales in US showed a significant decrease in the month of April, according to a report released by the National Association of Realtors. NAR said existing home sales tumbled 2.4 percent to an annual rate of 5.61 million in April after plunging by 3.0 percent to a revised rate of 5.75 million in March. The report also showed housing inventory totaled 1.030 million units at the end of April, representing 2.2 months of supply at the current sales pace. NAR said the median existing-home price for all housing types in April was $391,200, up 14.8 percent from $340,700 in April of 2021.Powered by Commodity Insights
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