Existing-home sales increased slightly in May, even as buyers continue to face severely limited options on the market. Total existing-home sales—completed transactions including single-family
Home Sales Eke Out Gain Despite Inventory Shortage
Dated: June 25 2023
Existing-home sales increased slightly in May, even as buyers continue to face severely limited options on the market. Total existing-home sales—completed transactions including single-family homes, townhomes, condos and co-ops—rose 0.2% month over month in May, the National Association of REALTORS® reported Thursday. Still, sales are down 20.4% from a year ago as low inventory restricts market activity. Read more.
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