Home Sales Dip in April, Third Straight Monthly Decline in U.S.

Source: The World Property Journal — 

According to the National Association of Realtors, U.S. existing-home sales stalled in April 2021, marking three straight months of declines. All but one of the four major U.S. regions witnessed month-over-month drops in home sales, but each registered double-digit year-over-year gains for April.

Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, slipped 2.7% from March to a seasonally-adjusted annual rate of 5.85 million in April. Sales overall jumped year-over-year, up 33.9% from a year ago (4.37 million in April 2020).