From CNBC: 2025-05-22 11:22:00

The spring housing market in the US is struggling due to high interest rates and low consumer confidence. Sales of previously owned homes in April declined by 0.5% from March, hitting a 4 million unit pace, the slowest since 2009. Inventory has jumped by 9% month to month, with 1.45 million homes for sale at a 4.4-month supply. The median price of existing homes sold in April was $414,000, an increase of 1.8% year over year. Buyers are in a better position to negotiate with higher inventory levels, leading to a mild seller’s market.



Read more at CNBC: April home sales dropped to the slowest pace for that month since 2009