Unexpected Slump in April Home Sales Despite Increase in Inventory
Wednesday, 22 May 2024, 14:00
Analysis of April Home Sales Trend
In a surprising turn of events, April witnessed a decline in home sales despite a notable increase in inventory. The inventory saw a rise of 9% month-over-month and a 16% increase from the previous year. However, the market still faces a challenge with just a 3.5-month supply at the present sales pace.
Key Points:
- April home sales decreased despite inventory growth.
- Inventory rose by 9% from the previous month and 16% from the previous year.
- Current sales pace indicates a 3.5-month supply, highlighting a significant contrast between supply and demand.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.