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April Market Report



U.S. existing-home sales fell 3.6% month-over-month and 1.0% year-over-year to a seasonally adjusted annual rate of 3.98 million, according to the National Association of REALTORS® (NAR), as tight supply and ongoing affordability challenges constrained activity. Sales declined month-over-month in all four regions. Year-over-year, sales increased in the South and West but fell in the Midwest and Northeast.


New Listings increased 22.8 percent to 199. Pending Sales increased 23.9 percent to 109. Inventory decreased 2.5 percent to 541.


Median Sales Price decreased 9.7 percent from $238,000 to $215,000. Days on Market increased 2.9 percent to 106. Months Supply of Inventory decreased 11.3 percent to 4.7.


Nationally, the median existing-home price rose 1.4% from a year earlier to $408,800, marking the 33rd consecutive month of year-over-year price increases as limited inventory continued to put upward pressure on prices, NAR said. There were 1.36 million homes for sale heading into April, up 2.3% from a year earlier, representing a 4.1-month supply at the current sales pace.



Curious about the current value of your home? Don’t hesitate to reach out to a member of the Kira Witherwax Team at RE/MAX North Country.


To view the full Market Report for April download the link below.







 
 
 

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