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April 2022 brought 5.61 million in sales, a median sales price of $391,200, and 2.2 months of inventory. The median sales price is up 14.8% year-over-year, and inventory was down 0.1 months from April 2021.
Six of the 10 metro areas with the largest percent gains in existing single-family home price in 2022 Q1 were in Florida, and the others were in Utah, Alabama, and Colorado.
In March 2022, pending home sales were down 1.2% month-over-month.
Student loan debt holders say their debt has impacted their decision or their ability to delay moving out of family member's home after college, purchasing a home, or accumulating emergency savings of $500.