Housing Minute is a monthly video series highlighting the latest housing data from the National Association of Realtors® in a minute or less.
Pending and existing home sales declined slightly in April, while inventory continues to increase.
Pending home sales rose 3.8% from last month and REALTORS® name the top markets Millennials are moving to, with Madison, Wis. coming in at number one.
Existing-home sales rose 11.8 percent from last month and the median home sales price rose 3.6 percent from last year.
Pending home sales and inventory rose in January, while existing home sales experienced a drop.
Existing and pending home sales decline in December, while inventory continues to rise.
Existing home sales continue to rise month to month in November, while distressed sales drop to record lows.
Home price growth has slowed due to a slight rise in inventory heading into the winter season. Home sales rose slightly over the previous month, but remain down year-over-year.
In spite of rising interest rates and high home prices, moderate increases in inventory and consistent job gains led to a rise in pending home sales in September.
Despite an increase in active listings, continued price increases and low housing inventory pushed out potential buyers causing declines in both existing-home sales and pending-home sales in August.
Amidst stubbornly low housing supply that continues to push home prices higher, existing-home sales and contract activity once again trailed year-ago levels in July.