US Edition
May Home Sales Barely Move as High Mortgage Rates, Prices, Weigh on Housing Market
- The National Association of Realtors announced that sales of existing homes in the U.S. increased by 0.8% in May 2025, reaching an adjusted pace equivalent to about 4.03 million homes sold over the course of a year.
- This modest increase followed higher inventory levels and because high mortgage rates weighed on affordability, causing many buyers to hesitate.
- The supply of unsold homes hit 1.54 million in May, a 6.2% rise from April and 20.3% higher than last year, resulting in a 4.6-month inventory at current sales pace.
- In May, the median sales price for homes nationally reached $422,800, representing a 1.3% increase compared to the same month last year and setting a new record for May, although the pace of growth has slowed relative to earlier months.
- These conditions suggest the housing market is balancing toward more supply and buyer choice while affordability challenges and cautious consumers keep sales gains moderate.
77 Articles
77 Articles
We are almost forbidden to talk about immigration just to talk about immigration, while the housing problem is growing, with the contributions of the governments themselves.
Home sales sluggish in May as high mortgage rates sideline buyers
Home sales climbed 0.8% last month to a seasonally adjusted annual rate of 4.03 million units, the National Association of Realtors said on Monday. Economists polled by Reuters had forecast home resales falling to a rate of 3.95 million units.
Home sales just posted their slowest May in 16 years
The home sales slump in the U.S. continues: Last month was the slowest May for existing home sales since 2009.Existing home sales in May fell 0.7% compared to the same month last year. Measured monthly, sales were up slightly, 0.8%, from the month before — but that marks an increase from the slowest April for existing home sales in 16 years.National Association of Realtors Chief Economist Lawrence Yun called the sales figures “very stable, but a…
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- 51% of the sources are Center
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