Friday, May 19, 2023

US home prices fall by most in 11 years


Sales of existing US homes declined 3.4% in April to the lowest in 3 months.

  • Monthly sales have dipped in 14 out of the last 15 months.

  • On a year-over-year basis, sales are down 23% and have shown a decline for 20 consecutive months.

  • Meanwhile, the median price of those homes fell by the most in 11 years, declining 1.7% in April from a year earlier to $388,800.

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