- Analytics
- News and Tools
- Market News
- U.S. existing-home sales plunge 17.8 percent in April
U.S. existing-home sales plunge 17.8 percent in April
Economists had
forecast home resales decreasing to a 4.30 million-unit pace last month.
In y-o-y terms,
however, existing-home sales plunged 17.2 percent in April.
According to
the report, single-family home sales stood at 3.94 million in April, down 16.9 percent
from March, and down 15.5 percent from one year ago. The median existing
single-family home price was $288,700 in April, up 7.3 percent from April 2019.
Meanwhile, existing condominium and co-op sales were recorded at a seasonally
adjusted annual rate of 390,000 units in April, down 26.4 percent from March
and down 31.6 percent from a year ago. The median existing condo price was
$267,200 in April, an advance of 7.1 percent from a year ago.
“The economic lockdowns - occurring from mid-March through April in most states - have temporarily disrupted home sales,” noted Lawrence Yun, NAR’s chief economist. “But the listings that are on the market are still attracting buyers and boosting home prices.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
