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Shortages cut into sales of existing US homes in April

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Sales of previously occupied U.S. homes fell for the third straight month in April as the number of properties for sale hit a record low, driving prices to new highs.

Existing home sales fell 2.7% last month from March to a seasonally-adjusted rate of 5.85 million annualized units, the National Association of Realtors said Friday.

Sales jumped 33.9% from April last year, when the pandemic caused sales to slow sharply. The pace of sales in April was the slowest since last June and well below the 6.01 million homes economists expected, according to FactSet.

The U.S. median home price surged 19.1% from a year earlier to $341,600, an all-time high. At the end of April, the inventory of unsold homes stood at just 1.16 million, a slight

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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