NAR: Monthly existing home sales fall 0.4% in April

 · Existing home prices were up 2.9% monthly and 3.6% yearly to $267,300. Sales in the West improved 1.8% monthly to 1.11 million, while sales in the South fell 0.4% to 2.27 million. China Not Likely To Sell Treasuries, But There Is Huge Uncertainty Risk

 · Pending sales increased 18.4% to 3,378 pending sales. Monthly housing inventory increased by 0.2 months to 2.4 months of inventory. City of Austin . In the city of Austin, single-family home sales decreased by 4.6% to 781 sales in March. During the same period, sales dollar volume decreased slightly by 0.4% to $371,993,004.

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Existing-home sales in the south modestly dropped 0.4% to an annual rate of 2.27 million in April, down 1.7% from a year ago. The median price in the South was $236,800, up 4.4% from a year ago.

In April, existing home sales fell slightly from the previous month, but growing inventory signaled improvement in the market, according to the latest report from the National Association of Realtors. Total existing home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – retreated 0.4% from March to a seasonally adjusted rate of 5.19.

 · In May, existing home sales dropped for the first time since February, according to the National Association of Realtors (NAR). The drop, however, was a small one –.

Southern existing-home sales shot up 14.9% to an annual rate of 2.39 million in February. This is down 0.4% from last year. The median price in the South rose to $219,300, increasing 2.5% from.

Residential construction plus all economic activity connected to selling and financing existing homes. monthly declines. The 5.15 million SAAR missed Wall Street’s estimate by a country mile. It’s.

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Existing-home sales saw a minor decline in April, continuing March's drop in. Lawrence Yun, NAR's chief economist, said he is not overly concerned about the 0.4% dip in sales and expects moderate growth very soon.. Fifty-three percent of homes sold in April were on the market for less than a month.

Home shoppers signed 1.5% fewer contracts to buy existing homes in April. Pending sales are an indicator of future closings and are therefore the most timely measure of activity in home sales. The.

U.S. existing home sales unexpectedly fall in April.. The National Association of Realtors said on Tuesday existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million.