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In May 2022, pending home sales were up 0.7% month-over-month.
May 2022 brought 5.41 million in sales, a median sales price of $407,600, and 2.6 months of inventory. The median sales price is up 14.8% year-over-year, and inventory was up 0.1 months from May 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.
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.
Metro Areas With the Largest Percentage Increase in Median Existing Single-Family Home Sale Prices in Q1 2021
Topping the list of places in the U.S. with the highest price gains were metropolitan statistical areas in New York, Connecticut, New Jersey, Massachusetts, Idaho, Texas, Ohio, Pennsylvania, and Illinois.