Single-Family Home Sales Fall in May
The Pro Builder
JUNE 27, 2024
Single-family home sales are once again down. According to housing market platform Zillow, there were 619,000 new single-family home sales nationwide in May, down 11.3% from the 698,000 sales recorded in April and 16.5% below the May 2023 estimate. The median price of new homes sold also dropped 0.9% year-over-year to $417,400 due to high mortgage rates causing sellers to lower prices.
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