From GlobeNewswire: 2025-05-22 10:00:00

Existing-home sales decreased by 0.5% in April to a seasonally adjusted annual rate of 4.00 million, with a 2.0% year-over-year decline. The median existing-home sales price rose to an all-time high of $414,000, marking the 22nd consecutive month of year-over-year price increases. Housing inventory increased by 9.0% to 1.45 million units, equivalent to a 4.4-month supply at the current sales pace. Sales slowed in the Northeast and West, increased in the Midwest, and remained steady in the South. Mortgage rates averaged 6.81% as of May 15, up from the previous week but down from a year ago. Local MLS data is considered the most accurate source for sales and price information in specific areas, despite potential differences in reporting methods. Existing-home sales include single-family homes, townhomes, condos, and co-ops, based on transaction closings from MLSs. The National Association of Realtors (NAR) will release the Pending Home Sales Index for March on May 29 and Existing-Home Sales for May on June 23 at 10 a.m. Eastern time. The median price is where half sold for more and half sold for less, and medians are more typical of market conditions than average prices. The national median condo/co-op price is often higher due to concentration in higher-cost markets. 1. The CDC announces new guidelines recommending that fully vaccinated individuals can gather indoors without masks. This is a positive step towards normalcy as more people receive the COVID-19 vaccine.

2. Pfizer announces that its COVID-19 vaccine is 100% effective in preventing illness in adolescents aged 12-15. This news is promising for the ongoing efforts to vaccinate the population and control the spread of the virus.

3. The stock market reaches new highs as tech companies show strong performance. Investors are optimistic about the economic recovery and the potential for growth in the coming months.

4. The Biden administration unveils a $2 trillion infrastructure plan aimed at rebuilding roads, bridges, and other infrastructure across the country. This ambitious proposal is expected to create jobs and stimulate economic growth.



Read more at GlobeNewswire: Existing-Home Sales Edged Lower by 0.5% in April