{"id":79853,"date":"2025-05-19T05:00:45","date_gmt":"2025-05-19T12:00:45","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=79853"},"modified":"2025-05-16T13:56:25","modified_gmt":"2025-05-16T20:56:25","slug":"existing-home-sales-six-month-low","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/existing-home-sales-six-month-low\/","title":{"rendered":"Spring Homebuying Season Sputters as Supply Jumps to 5-Year High, Existing-Home Sales Drop to 6-Month Low"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Sales of existing homes dropped to a seasonally adjusted annual rate of 4,196,707 in April, and pending sales fell the most since 2023.<\/i><\/strong><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>The supply of homes for sale hit a five-year high, putting downward pressure on prices, which grew at the slowest pace in nearly two years.<\/i><\/strong><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Still, high homebuying costs spooked buyers, as mortgage rates hovered near 7%. Economic uncertainty and tariff talks also gave buyers pause.<\/i><\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Sales of existing U.S. homes fell to a seasonally adjusted annual rate of 4,196,707 in April, the lowest level since October 2024. That\u2019s down 0.2% from a month earlier, and down 1.1% from a year earlier\u2014the first annual decline in seven months.<\/span><\/p>\n<p><iframe id=\"datawrapper-chart-vV2Mo\" style=\"border: none;\" title=\"Existing-Home Sales Drop to Six-Month Low\" src=\"https:\/\/datawrapper.dwcdn.net\/vV2Mo\/1\/\" width=\"600\" height=\"400\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">Pending sales\u2014a more current gauge of housing market activity that includes both existing and newly constructed homes\u2014fell 3.5% from a month earlier on a seasonally adjusted basis. That\u2019s the steepest monthly decline since August 2023. Pending sales dropped 2.7% year over year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Housing demand is sluggish because the cost of buying a home is climbing, and economic uncertainty is making many Americans <\/span><a href=\"https:\/\/www.redfin.com\/news\/survey-tariffs-major-purchase\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">press pause<\/span><\/a><span style=\"font-weight: 400;\"> on big purchases. The median home sale price rose 1.4% year over year to $438,466 in April. While that\u2019s the slowest price growth in nearly two years, monthly housing payments still hit a <\/span><a href=\"https:\/\/www.redfin.com\/news\/housing-market-update-record-high-housing-costs-sales-decline\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">record<\/span><\/a><span style=\"font-weight: 400;\"> high last month due to elevated mortgage rates and prices. The average 30-year-fixed mortgage rate was 6.73% in April. That\u2019s up from 6.65% the prior month and more than double the record low hit during the pandemic, but down from 6.99% in April 2024.<\/span><\/p>\n<p><iframe id=\"datawrapper-chart-Bp4zg\" style=\"border: none;\" title=\"Home Prices Grow at Slowest Pace in Nearly 2 Years\" src=\"https:\/\/datawrapper.dwcdn.net\/Bp4zg\/3\/\" width=\"600\" height=\"400\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThere\u2019s a general feeling of anxiety in the housing market because no one knows what they\u2019re going to read in the news when they wake up,\u201d said <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/daniel-close\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Dan Close<\/span><\/a><span style=\"font-weight: 400;\">, a <\/span><a href=\"https:\/\/www.redfin.com\/premier\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Redfin Premier<\/span><\/a><span style=\"font-weight: 400;\"> real estate agent in <\/span><a href=\"https:\/\/www.redfin.com\/city\/29470\/IL\/Chicago\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Chicago<\/span><\/a><span style=\"font-weight: 400;\">. \u201cThat uncertainty is freaking prospective buyers out, even though in many cases it\u2019s not having a tangible impact on their ability to buy a house.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Spring is typically the busiest season for the housing market, and with the housing shortage easing and mortgage rates slightly lower than a year ago, one might expect home sales to be stronger. But Redfin agents report that homebuyers and sellers last month were particularly nervous about tariffs and the ongoing trade war.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The U.S. and China <\/span><a href=\"https:\/\/www.nytimes.com\/2025\/05\/12\/business\/china-us-tariffs.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">agreed<\/span><\/a><span style=\"font-weight: 400;\"> last week to a temporary reduction in tariffs, which boosted the<\/span><span style=\"font-weight: 400;\"> stock market and lowered the risk of a recession, but also drove up mortgage rates, <\/span><a href=\"https:\/\/www.redfin.com\/news\/housing-market-update-pending-sales-drop-economic-uncertainty\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">according<\/span><\/a><span style=\"font-weight: 400;\"> to Redfin Head of Economics Research <\/span><a href=\"https:\/\/www.redfin.com\/news\/author\/chen-zhao\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Chen Zhao<\/span><\/a><span style=\"font-weight: 400;\">. But it\u2019s worth noting that even with the temporary reduction, the tariffs remain much higher than they were at the start of the year.<\/span><\/p>\n<h3><b>Housing Supply Rises to Highest Level in Five Years<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"><br \/>\nActive listings\u2014the <\/span><a href=\"https:\/\/www.redfin.com\/news\/data-center-metrics-definitions\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">total<\/span><\/a><span style=\"font-weight: 400;\"> number of homes for sale\u2014last month hit the highest level since March 2020. They climbed 1.2% from a month earlier on a seasonally adjusted basis and rose 16.7% year over year.<\/span><\/p>\n<p><iframe id=\"datawrapper-chart-AjaF9\" style=\"border: none;\" title=\"Housing Supply Rises to Five-Year High\" src=\"https:\/\/datawrapper.dwcdn.net\/AjaF9\/1\/\" width=\"600\" height=\"400\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive area chart\" data-external=\"1\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">New listings rose to the highest level since July 2022, increasing 1.3% month over month on a seasonally adjusted basis and 8.6% year over year\u2014the largest annual gain since May 2024.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cA lot of people are selling their homes and downsizing because they\u2019re worried about the economy,\u201d said <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/meme-loggins\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Meme Loggins<\/span><\/a><span style=\"font-weight: 400;\">, a Redfin Premier real estate agent in <\/span><a href=\"https:\/\/www.redfin.com\/city\/30772\/OR\/Portland\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Portland, OR<\/span><\/a><span style=\"font-weight: 400;\">. \u201cDuring the pandemic, everybody wanted more space for a home office or for their kids to run around, but now people are more focused on saving money. A lot of folks are getting rid of their investment properties, and I\u2019m working with a couple of federal employees who are afraid of losing their jobs, so they\u2019re selling their homes and thinking of moving into condos.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Housing supply is also rising because the mortgage rate lock-in effect is <\/span><a href=\"https:\/\/www.redfin.com\/news\/mortgage-rate-lock-in-effect-eases\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">easing<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><span style=\"font-weight: 400;\">A lot of homeowners who have been sitting on ultra-low mortgage rates they scored during the pandemic are now moving and giving up those low rates because it\u2019s not realistic to stay put forever.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.redfin.com\/city\/5155\/CO\/Denver\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Denver<\/span><\/a><span style=\"font-weight: 400;\"> saw the largest gain in active listings among the major metros Redfin analyzed, with a 36.3% year-over-year increase. Next came <\/span><a href=\"https:\/\/www.redfin.com\/city\/10201\/NV\/Las-Vegas\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Las Vegas<\/span><\/a><span style=\"font-weight: 400;\"> (35.8%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/13654\/CA\/Oakland\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Oakland, CA<\/span><\/a><span style=\"font-weight: 400;\"> (32.4%).<\/span><\/p>\n<h3><b>Homes Are Sitting on the Market and Selling for Under Asking Price\u2014Signs of a Buyer\u2019s Market<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"><br \/>\nMore listings mean buyers have more to choose from, and when buyers have more to choose from, it often means they have room to negotiate and ask for concessions. That\u2019s the primary reason home-price growth is slowing and homes are taking longer to sell.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The typical home that went under contract in April was on the market for 40 days. That marks the slowest April since 2019, and compares with 35 days a year earlier and 18 days during the peak of the pandemic homebuying frenzy. Redfin agents report that overpriced homes are sitting on the market, causing stale listings to pile up. And when listings sit, sellers often end up accepting less than their asking price.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The typical home that sold last month went for roughly 1% less than its asking price\u2014the biggest discount for any April since 2020. Less than one-third (30.2%) of homes that sold in April went for <\/span><i><span style=\"font-weight: 400;\">above <\/span><\/i><span style=\"font-weight: 400;\">their asking price, the lowest April share in five years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cI\u2019ve written ridiculously low offers for buyers that have been accepted,\u201d Loggins said. \u201cI just had a buyer get nearly $50,000 under the asking price for a home listed at $849,000 even though similar homes have been selling for $830,000. You\u2019d be surprised by what sellers are willing to take. I haven\u2019t written a full-priced offer that didn\u2019t request a concession in a long time.\u201d<\/span><\/p>\n<h3><strong>April 2025 Housing Market Highlights: United States<\/strong><\/h3>\n<table>\n<thead>\n<tr>\n<th style=\"text-align: center;\"><\/th>\n<th style=\"text-align: center;\"><b>April 2025<\/b><\/th>\n<th style=\"text-align: center;\"><b>Month-over-month change<\/b><\/th>\n<th style=\"text-align: center;\"><b>Year-over-year change<\/b><\/th>\n<\/tr>\n<tr>\n<th><b>Median sale price<\/b><\/th>\n<th><span style=\"font-weight: 400;\">$438,466<\/span><\/th>\n<th><span style=\"font-weight: 400;\">1.8%<\/span><\/th>\n<th><span style=\"font-weight: 400;\">1.4%<\/span><\/th>\n<\/tr>\n<tr>\n<th><b>Existing-home sales, seasonally adjusted annual rate<\/b><\/th>\n<th><span style=\"font-weight: 400;\">4,196,707<\/span><\/th>\n<th><span style=\"font-weight: 400;\">-0.2%<\/span><\/th>\n<th><span style=\"font-weight: 400;\">-1.1%<\/span><\/th>\n<\/tr>\n<tr>\n<th><b>Pending home sales, seasonally adjusted<\/b><\/th>\n<th><span style=\"font-weight: 400;\">472,011<\/span><\/th>\n<th><span style=\"font-weight: 400;\">-3.5%<\/span><\/th>\n<th><span style=\"font-weight: 400;\">-2.7%<\/span><\/th>\n<\/tr>\n<tr>\n<th><b>Homes sold, seasonally adjusted<\/b><\/th>\n<th><span style=\"font-weight: 400;\">415,085<\/span><\/th>\n<th><span style=\"font-weight: 400;\">-1.7%<\/span><\/th>\n<th><span style=\"font-weight: 400;\">-2.9%<\/span><\/th>\n<\/tr>\n<tr>\n<th><b>New listings, seasonally adjusted<\/b><\/th>\n<th><span style=\"font-weight: 400;\">585,506<\/span><\/th>\n<th><span style=\"font-weight: 400;\">1.3%<\/span><\/th>\n<th><span style=\"font-weight: 400;\">8.6%<\/span><\/th>\n<\/tr>\n<tr>\n<th><b>Total homes for sale, seasonally adjusted (active listings)<\/b><\/th>\n<th><span style=\"font-weight: 400;\">1,942,006<\/span><\/th>\n<th><span style=\"font-weight: 400;\">1.2%<\/span><\/th>\n<th><span style=\"font-weight: 400;\">16.7%<\/span><\/th>\n<\/tr>\n<tr>\n<th><b>Months of supply<\/b><\/th>\n<th><span style=\"font-weight: 400;\">3.1<\/span><\/th>\n<th><span style=\"font-weight: 400;\">-0.1<\/span><\/th>\n<th><span style=\"font-weight: 400;\">0.6<\/span><\/th>\n<\/tr>\n<tr>\n<th><b>Median days on market<\/b><\/th>\n<th><span style=\"font-weight: 400;\">40<\/span><\/th>\n<th><span style=\"font-weight: 400;\">-7<\/span><\/th>\n<th><span style=\"font-weight: 400;\">5<\/span><\/th>\n<\/tr>\n<tr>\n<th><b>Share of homes that sold above final list price<\/b><\/th>\n<th><span style=\"font-weight: 400;\">30.2%<\/span><\/th>\n<th><span style=\"font-weight: 400;\">3.2 ppts<\/span><\/th>\n<th><span style=\"font-weight: 400;\">-3.3 ppts<\/span><\/th>\n<\/tr>\n<tr>\n<th><b>Average sale-to-final-list-price ratio<\/b><\/th>\n<th><span style=\"font-weight: 400;\">99.2%<\/span><\/th>\n<th><span style=\"font-weight: 400;\">0.4 ppts<\/span><\/th>\n<th><span style=\"font-weight: 400;\">-0.4 ppts<\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><b>Pending sales that fell out of contract, as % of overall pending sales<\/b><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">14.3%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">1.3 ppts<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">0.8 ppts<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><a href=\"https:\/\/fred.stlouisfed.org\/graph\/?g=1bnGA\" target=\"_blank\" rel=\"noopener\"><b>Monthly average 30-year fixed mortgage rate<\/b><\/a><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">6.73%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">0.08 ppts<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">-0.26 ppts<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><i><span style=\"font-weight: 400;\">Note: Data is subject to revision<\/span><\/i><\/p>\n<h3><strong>Metro-Level Highlights: April 2025<\/strong><\/h3>\n<p><i><span style=\"font-weight: 400;\">The figures below are based on a list of the 50 most populous U.S. metropolitan areas. Some metros may be removed from time to time to ensure data accuracy.<\/span><\/i> <i><span style=\"font-weight: 400;\">Refer to our <\/span><\/i><a href=\"https:\/\/www.redfin.com\/news\/data-center-metrics-definitions\/\" target=\"_blank\" rel=\"noopener\"><i><span style=\"font-weight: 400;\">metrics definition page<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> for explanations of metrics used in this report. Metro-level data is not seasonally adjusted. All changes below represent year-over-year changes.<\/span><\/i><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Prices: <\/b><span style=\"font-weight: 400;\">Median sale prices rose most from a year earlier in Newark, NJ (13.4%), Cleveland (11.9%) and Milwaukee (9.7%). They fell in 12 metros, with the largest declines in Oakland, CA (-5.9%), Jacksonville, FL (-3.4%) and Austin, TX (-3%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Pending home sales: <\/b><span style=\"font-weight: 400;\">Pending sales rose in 11 metros, with the largest increases in Columbus, OH (8.6%), Boston (8.1%) and Indianapolis (6.3%). They fell most in Miami (-23.1%), Fort Lauderdale, FL (-18.7%) and West Palm Beach, FL (-14.4%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Closed home sales:<\/b><span style=\"font-weight: 400;\"> Home sales rose most in San Diego (8.8%), Phoenix (8%) and Montgomery County, PA (4.9%). They fell most in Miami (-22.4%), Fort Lauderdale (-17.3%) and Austin (-14.6%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>New listings: <\/b><span style=\"font-weight: 400;\">New listings rose most in Boston (20.9%), Las Vegas (15.2%) and Denver (14.6%). They fell most in Milwaukee (-5.8%), San Jose, CA (-5.7%) and West Palm Beach (-4.1%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Active listings:<\/b><span style=\"font-weight: 400;\"> Active listings rose most in Denver (36.3%), Las Vegas (35.8%) and Oakland (32.4%). They fell in just two metros: Kansas City, MO (-3.7%) and Milwaukee (-0.6%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Sold above list price:<\/b><span style=\"font-weight: 400;\"> In San Jose, 67.5% of homes sold above their list price, the highest share among the metros Redfin analyzed. Next came Newark (65%) and San Francisco (61.1%). The lowest shares were in Florida: West Palm Beach (6.3%), Fort Lauderdale (7.7%) and Miami (7.8%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Days on market:<\/b><span style=\"font-weight: 400;\"> In Fort Lauderdale, the typical home that went under contract did so in 83 days, up 20 days from a year earlier\u2014the biggest increase among the metros Redfin analyzed. Next came Miami (+15 days) and Orlando, FL (+13 days). Four metros saw declines: Kansas City, MO (-4 days), New York (-3), Minneapolis (-1) and San Francisco (-1).<\/span><\/li>\n<\/ul>\n\n<table id=\"tablepress-457\" class=\"tablepress tablepress-id-457\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\"><strong>U.S. metro area<\/strong><\/th><th class=\"column-2\"><strong>Median sale price<\/strong><\/th><th class=\"column-3\"><strong>Median sale price, Y\/Y change<\/strong><\/th><th class=\"column-4\"><strong>Pending sales, Y\/Y change<\/strong><\/th><th class=\"column-5\"><strong>Homes sold, Y\/Y change<\/strong><\/th><th class=\"column-6\"><strong>New listings, Y\/Y change<\/strong><\/th><th class=\"column-7\"><strong>Active listings, Y\/Y change<\/strong><\/th><th class=\"column-8\"><strong>Median days on market<\/strong><\/th><th class=\"column-9\"><strong>Median days on market, Y\/Y change<\/strong><\/th><th class=\"column-10\"><strong>Share of homes sold above list price<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Anaheim, CA<\/td><td class=\"column-2\">$1,200,000 <\/td><td class=\"column-3\">0.8%<\/td><td class=\"column-4\">-10.4%<\/td><td class=\"column-5\">-4.8%<\/td><td class=\"column-6\">3.8%<\/td><td class=\"column-7\">18.4%<\/td><td class=\"column-8\">34<\/td><td class=\"column-9\">5<\/td><td class=\"column-10\">37.9%<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Atlanta, GA<\/td><td class=\"column-2\">$399,990 <\/td><td class=\"column-3\">0.3%<\/td><td class=\"column-4\">-6.9%<\/td><td class=\"column-5\">-3.9%<\/td><td class=\"column-6\">-1.9%<\/td><td class=\"column-7\">16.2%<\/td><td class=\"column-8\">42<\/td><td class=\"column-9\">12<\/td><td class=\"column-10\">21.9%<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Austin, TX<\/td><td class=\"column-2\">$450,000 <\/td><td class=\"column-3\">-3.0%<\/td><td class=\"column-4\">0.4%<\/td><td class=\"column-5\">-14.6%<\/td><td class=\"column-6\">9.3%<\/td><td class=\"column-7\">15.4%<\/td><td class=\"column-8\">54<\/td><td class=\"column-9\">7<\/td><td class=\"column-10\">15.1%<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Baltimore, MD<\/td><td class=\"column-2\">$395,000 <\/td><td class=\"column-3\">5.3%<\/td><td class=\"column-4\">2.0%<\/td><td class=\"column-5\">-3.4%<\/td><td class=\"column-6\">9.3%<\/td><td class=\"column-7\">12.8%<\/td><td class=\"column-8\">25<\/td><td class=\"column-9\">5<\/td><td class=\"column-10\">44.2%<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Boston, MA<\/td><td class=\"column-2\">$750,000 <\/td><td class=\"column-3\">5.0%<\/td><td class=\"column-4\">8.1%<\/td><td class=\"column-5\">-3.5%<\/td><td class=\"column-6\">20.9%<\/td><td class=\"column-7\">22.1%<\/td><td class=\"column-8\">19<\/td><td class=\"column-9\">1<\/td><td class=\"column-10\">58.0%<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Charlotte, NC<\/td><td class=\"column-2\">$409,000 <\/td><td class=\"column-3\">2.3%<\/td><td class=\"column-4\">N\/A<\/td><td class=\"column-5\">2.5%<\/td><td class=\"column-6\">12.3%<\/td><td class=\"column-7\">25.3%<\/td><td class=\"column-8\">48<\/td><td class=\"column-9\">6<\/td><td class=\"column-10\">22.1%<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Chicago, IL<\/td><td class=\"column-2\">$370,000 <\/td><td class=\"column-3\">5.9%<\/td><td class=\"column-4\">-1.6%<\/td><td class=\"column-5\">-5.6%<\/td><td class=\"column-6\">3.1%<\/td><td class=\"column-7\">1.1%<\/td><td class=\"column-8\">47<\/td><td class=\"column-9\">0<\/td><td class=\"column-10\">44.8%<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Cincinnati, OH<\/td><td class=\"column-2\">$294,000 <\/td><td class=\"column-3\">6.1%<\/td><td class=\"column-4\">5.9%<\/td><td class=\"column-5\">-1.0%<\/td><td class=\"column-6\">5.2%<\/td><td class=\"column-7\">14.2%<\/td><td class=\"column-8\">38<\/td><td class=\"column-9\">3<\/td><td class=\"column-10\">34.3%<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Cleveland, OH<\/td><td class=\"column-2\">$235,000 <\/td><td class=\"column-3\">11.9%<\/td><td class=\"column-4\">-0.9%<\/td><td class=\"column-5\">-2.1%<\/td><td class=\"column-6\">5.6%<\/td><td class=\"column-7\">7.6%<\/td><td class=\"column-8\">23<\/td><td class=\"column-9\">1<\/td><td class=\"column-10\">40.7%<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">Columbus, OH<\/td><td class=\"column-2\">$336,503 <\/td><td class=\"column-3\">-1.0%<\/td><td class=\"column-4\">8.6%<\/td><td class=\"column-5\">0.7%<\/td><td class=\"column-6\">6.6%<\/td><td class=\"column-7\">17.6%<\/td><td class=\"column-8\">41<\/td><td class=\"column-9\">4<\/td><td class=\"column-10\">37.2%<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">Dallas, TX<\/td><td class=\"column-2\">$425,000 <\/td><td class=\"column-3\">-0.9%<\/td><td class=\"column-4\">-0.5%<\/td><td class=\"column-5\">-6.8%<\/td><td class=\"column-6\">13.7%<\/td><td class=\"column-7\">30.6%<\/td><td class=\"column-8\">45<\/td><td class=\"column-9\">12<\/td><td class=\"column-10\">17.2%<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Denver, CO<\/td><td class=\"column-2\">$600,000 <\/td><td class=\"column-3\">-0.2%<\/td><td class=\"column-4\">-3.0%<\/td><td class=\"column-5\">3.1%<\/td><td class=\"column-6\">14.6%<\/td><td class=\"column-7\">36.3%<\/td><td class=\"column-8\">18<\/td><td class=\"column-9\">6<\/td><td class=\"column-10\">28.9%<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Detroit, MI<\/td><td class=\"column-2\">$195,000 <\/td><td class=\"column-3\">2.6%<\/td><td class=\"column-4\">1.6%<\/td><td class=\"column-5\">-11.2%<\/td><td class=\"column-6\">5.1%<\/td><td class=\"column-7\">2.8%<\/td><td class=\"column-8\">22<\/td><td class=\"column-9\">2<\/td><td class=\"column-10\">40.0%<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">Fort Lauderdale, FL<\/td><td class=\"column-2\">$455,000 <\/td><td class=\"column-3\">2.3%<\/td><td class=\"column-4\">-18.7%<\/td><td class=\"column-5\">-17.3%<\/td><td class=\"column-6\">-3.9%<\/td><td class=\"column-7\">18.1%<\/td><td class=\"column-8\">83<\/td><td class=\"column-9\">20<\/td><td class=\"column-10\">7.7%<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">Fort Worth, TX<\/td><td class=\"column-2\">$360,793 <\/td><td class=\"column-3\">-0.4%<\/td><td class=\"column-4\">-5.3%<\/td><td class=\"column-5\">-8.3%<\/td><td class=\"column-6\">-0.5%<\/td><td class=\"column-7\">13.6%<\/td><td class=\"column-8\">45<\/td><td class=\"column-9\">6<\/td><td class=\"column-10\">19.5%<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">Houston, TX<\/td><td class=\"column-2\">$340,000 <\/td><td class=\"column-3\">-0.6%<\/td><td class=\"column-4\">-9.9%<\/td><td class=\"column-5\">-4.5%<\/td><td class=\"column-6\">10.6%<\/td><td class=\"column-7\">20.7%<\/td><td class=\"column-8\">45<\/td><td class=\"column-9\">10<\/td><td class=\"column-10\">14.4%<\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\">Indianapolis, IN<\/td><td class=\"column-2\">$310,000 <\/td><td class=\"column-3\">3.3%<\/td><td class=\"column-4\">6.3%<\/td><td class=\"column-5\">1.7%<\/td><td class=\"column-6\">6.7%<\/td><td class=\"column-7\">14.9%<\/td><td class=\"column-8\">20<\/td><td class=\"column-9\">6<\/td><td class=\"column-10\">22.5%<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\">Jacksonville, FL<\/td><td class=\"column-2\">$370,000 <\/td><td class=\"column-3\">-3.4%<\/td><td class=\"column-4\">-2.0%<\/td><td class=\"column-5\">-9.1%<\/td><td class=\"column-6\">-3.8%<\/td><td class=\"column-7\">14.8%<\/td><td class=\"column-8\">66<\/td><td class=\"column-9\">12<\/td><td class=\"column-10\">11.4%<\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\">Kansas City, MO<\/td><td class=\"column-2\">$329,900 <\/td><td class=\"column-3\">1.5%<\/td><td class=\"column-4\">N\/A<\/td><td class=\"column-5\">2.6%<\/td><td class=\"column-6\">1.9%<\/td><td class=\"column-7\">-3.7%<\/td><td class=\"column-8\">20<\/td><td class=\"column-9\">-4<\/td><td class=\"column-10\">N\/A<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\">Las Vegas, NV<\/td><td class=\"column-2\">$449,000 <\/td><td class=\"column-3\">2.3%<\/td><td class=\"column-4\">-11.6%<\/td><td class=\"column-5\">-7.0%<\/td><td class=\"column-6\">15.2%<\/td><td class=\"column-7\">35.8%<\/td><td class=\"column-8\">47<\/td><td class=\"column-9\">11<\/td><td class=\"column-10\">19.0%<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\">Los Angeles, CA<\/td><td class=\"column-2\">$905,000 <\/td><td class=\"column-3\">0.6%<\/td><td class=\"column-4\">-1.4%<\/td><td class=\"column-5\">4.9%<\/td><td class=\"column-6\">4.3%<\/td><td class=\"column-7\">12.0%<\/td><td class=\"column-8\">39<\/td><td class=\"column-9\">5<\/td><td class=\"column-10\">44.2%<\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\">Miami, FL<\/td><td class=\"column-2\">$590,000 <\/td><td class=\"column-3\">6.3%<\/td><td class=\"column-4\">-23.1%<\/td><td class=\"column-5\">-22.4%<\/td><td class=\"column-6\">2.8%<\/td><td class=\"column-7\">21.0%<\/td><td class=\"column-8\">81<\/td><td class=\"column-9\">15<\/td><td class=\"column-10\">7.8%<\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\">Milwaukee, WI<\/td><td class=\"column-2\">$347,000 <\/td><td class=\"column-3\">9.7%<\/td><td class=\"column-4\">-0.9%<\/td><td class=\"column-5\">-7.2%<\/td><td class=\"column-6\">-5.8%<\/td><td class=\"column-7\">-0.6%<\/td><td class=\"column-8\">39<\/td><td class=\"column-9\">1<\/td><td class=\"column-10\">52.7%<\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\">Minneapolis, MN<\/td><td class=\"column-2\">$399,900 <\/td><td class=\"column-3\">3.1%<\/td><td class=\"column-4\">-4.3%<\/td><td class=\"column-5\">0.7%<\/td><td class=\"column-6\">3.9%<\/td><td class=\"column-7\">5.3%<\/td><td class=\"column-8\">21<\/td><td class=\"column-9\">-1<\/td><td class=\"column-10\">42.8%<\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\">Montgomery County, PA<\/td><td class=\"column-2\">$495,000 <\/td><td class=\"column-3\">5.5%<\/td><td class=\"column-4\">-2.1%<\/td><td class=\"column-5\">4.9%<\/td><td class=\"column-6\">0.7%<\/td><td class=\"column-7\">4.9%<\/td><td class=\"column-8\">20<\/td><td class=\"column-9\">4<\/td><td class=\"column-10\">50.7%<\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\">Nashville, TN<\/td><td class=\"column-2\">$469,900 <\/td><td class=\"column-3\">0.0%<\/td><td class=\"column-4\">-9.3%<\/td><td class=\"column-5\">-3.6%<\/td><td class=\"column-6\">5.4%<\/td><td class=\"column-7\">18.5%<\/td><td class=\"column-8\">56<\/td><td class=\"column-9\">9<\/td><td class=\"column-10\">15.6%<\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\">Nassau County, NY<\/td><td class=\"column-2\">$705,800 <\/td><td class=\"column-3\">7.3%<\/td><td class=\"column-4\">-4.1%<\/td><td class=\"column-5\">-2.8%<\/td><td class=\"column-6\">-3.4%<\/td><td class=\"column-7\">2.2%<\/td><td class=\"column-8\">32<\/td><td class=\"column-9\">1<\/td><td class=\"column-10\">53.2%<\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\">New Brunswick, NJ<\/td><td class=\"column-2\">$555,000 <\/td><td class=\"column-3\">5.7%<\/td><td class=\"column-4\">-6.8%<\/td><td class=\"column-5\">-5.5%<\/td><td class=\"column-6\">7.0%<\/td><td class=\"column-7\">9.7%<\/td><td class=\"column-8\">32<\/td><td class=\"column-9\">3<\/td><td class=\"column-10\">49.2%<\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\">New York, NY<\/td><td class=\"column-2\">$765,000 <\/td><td class=\"column-3\">4.8%<\/td><td class=\"column-4\">-4.0%<\/td><td class=\"column-5\">-4.9%<\/td><td class=\"column-6\">0.0%<\/td><td class=\"column-7\">4.6%<\/td><td class=\"column-8\">58<\/td><td class=\"column-9\">-3<\/td><td class=\"column-10\">31.5%<\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\">Newark, NJ<\/td><td class=\"column-2\">$635,000 <\/td><td class=\"column-3\">13.4%<\/td><td class=\"column-4\">0.2%<\/td><td class=\"column-5\">-8.1%<\/td><td class=\"column-6\">2.9%<\/td><td class=\"column-7\">4.0%<\/td><td class=\"column-8\">21<\/td><td class=\"column-9\">0<\/td><td class=\"column-10\">65.0%<\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\">Oakland, CA<\/td><td class=\"column-2\">$950,000 <\/td><td class=\"column-3\">-5.9%<\/td><td class=\"column-4\">N\/A<\/td><td class=\"column-5\">-6.5%<\/td><td class=\"column-6\">3.4%<\/td><td class=\"column-7\">32.4%<\/td><td class=\"column-8\">15<\/td><td class=\"column-9\">3<\/td><td class=\"column-10\">58.7%<\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\">Orlando, FL<\/td><td class=\"column-2\">$407,995 <\/td><td class=\"column-3\">0.8%<\/td><td class=\"column-4\">-8.6%<\/td><td class=\"column-5\">-7.3%<\/td><td class=\"column-6\">-1.8%<\/td><td class=\"column-7\">22.6%<\/td><td class=\"column-8\">47<\/td><td class=\"column-9\">13<\/td><td class=\"column-10\">12.1%<\/td>\n<\/tr>\n<tr class=\"row-34\">\n\t<td class=\"column-1\">Philadelphia, PA<\/td><td class=\"column-2\">$290,000 <\/td><td class=\"column-3\">5.5%<\/td><td class=\"column-4\">-3.3%<\/td><td class=\"column-5\">-7.7%<\/td><td class=\"column-6\">3.2%<\/td><td class=\"column-7\">3.1%<\/td><td class=\"column-8\">39<\/td><td class=\"column-9\">1<\/td><td class=\"column-10\">30.6%<\/td>\n<\/tr>\n<tr class=\"row-35\">\n\t<td class=\"column-1\">Phoenix, AZ<\/td><td class=\"column-2\">$457,500 <\/td><td class=\"column-3\">-1.6%<\/td><td class=\"column-4\">-1.5%<\/td><td class=\"column-5\">8.0%<\/td><td class=\"column-6\">10.7%<\/td><td class=\"column-7\">30.8%<\/td><td class=\"column-8\">57<\/td><td class=\"column-9\">11<\/td><td class=\"column-10\">14.8%<\/td>\n<\/tr>\n<tr class=\"row-36\">\n\t<td class=\"column-1\">Pittsburgh, PA<\/td><td class=\"column-2\">$250,000 <\/td><td class=\"column-3\">8.7%<\/td><td class=\"column-4\">-0.8%<\/td><td class=\"column-5\">-3.3%<\/td><td class=\"column-6\">3.5%<\/td><td class=\"column-7\">4.8%<\/td><td class=\"column-8\">52<\/td><td class=\"column-9\">1<\/td><td class=\"column-10\">30.5%<\/td>\n<\/tr>\n<tr class=\"row-37\">\n\t<td class=\"column-1\">Portland, OR<\/td><td class=\"column-2\">$559,000 <\/td><td class=\"column-3\">0.7%<\/td><td class=\"column-4\">-5.2%<\/td><td class=\"column-5\">0.4%<\/td><td class=\"column-6\">2.0%<\/td><td class=\"column-7\">11.0%<\/td><td class=\"column-8\">21<\/td><td class=\"column-9\">6<\/td><td class=\"column-10\">35.1%<\/td>\n<\/tr>\n<tr class=\"row-38\">\n\t<td class=\"column-1\">Providence, RI<\/td><td class=\"column-2\">$485,000 <\/td><td class=\"column-3\">3.2%<\/td><td class=\"column-4\">1.2%<\/td><td class=\"column-5\">-3.8%<\/td><td class=\"column-6\">8.7%<\/td><td class=\"column-7\">15.9%<\/td><td class=\"column-8\">23<\/td><td class=\"column-9\">1<\/td><td class=\"column-10\">52.9%<\/td>\n<\/tr>\n<tr class=\"row-39\">\n\t<td class=\"column-1\">Riverside, CA<\/td><td class=\"column-2\">$595,500 <\/td><td class=\"column-3\">1.5%<\/td><td class=\"column-4\">-1.6%<\/td><td class=\"column-5\">0.4%<\/td><td class=\"column-6\">8.1%<\/td><td class=\"column-7\">11.6%<\/td><td class=\"column-8\">45<\/td><td class=\"column-9\">6<\/td><td class=\"column-10\">34.9%<\/td>\n<\/tr>\n<tr class=\"row-40\">\n\t<td class=\"column-1\">Sacramento, CA<\/td><td class=\"column-2\">$590,000 <\/td><td class=\"column-3\">0.3%<\/td><td class=\"column-4\">-4.4%<\/td><td class=\"column-5\">2.0%<\/td><td class=\"column-6\">10.1%<\/td><td class=\"column-7\">27.8%<\/td><td class=\"column-8\">16<\/td><td class=\"column-9\">3<\/td><td class=\"column-10\">42.0%<\/td>\n<\/tr>\n<tr class=\"row-41\">\n\t<td class=\"column-1\">San Antonio, TX<\/td><td class=\"column-2\">$309,990 <\/td><td class=\"column-3\">0.0%<\/td><td class=\"column-4\">-5.0%<\/td><td class=\"column-5\">-5.5%<\/td><td class=\"column-6\">-1.0%<\/td><td class=\"column-7\">8.3%<\/td><td class=\"column-8\">62<\/td><td class=\"column-9\">2<\/td><td class=\"column-10\">12.8%<\/td>\n<\/tr>\n<tr class=\"row-42\">\n\t<td class=\"column-1\">San Diego, CA<\/td><td class=\"column-2\">$920,000 <\/td><td class=\"column-3\">-0.5%<\/td><td class=\"column-4\">-2.2%<\/td><td class=\"column-5\">8.8%<\/td><td class=\"column-6\">9.3%<\/td><td class=\"column-7\">25.2%<\/td><td class=\"column-8\">21<\/td><td class=\"column-9\">5<\/td><td class=\"column-10\">40.0%<\/td>\n<\/tr>\n<tr class=\"row-43\">\n\t<td class=\"column-1\">San Francisco, CA<\/td><td class=\"column-2\">$1,550,000 <\/td><td class=\"column-3\">-0.7%<\/td><td class=\"column-4\">N\/A<\/td><td class=\"column-5\">2.5%<\/td><td class=\"column-6\">6.6%<\/td><td class=\"column-7\">9.7%<\/td><td class=\"column-8\">15<\/td><td class=\"column-9\">-1<\/td><td class=\"column-10\">61.1%<\/td>\n<\/tr>\n<tr class=\"row-44\">\n\t<td class=\"column-1\">San Jose, CA<\/td><td class=\"column-2\">$1,700,000 <\/td><td class=\"column-3\">3.0%<\/td><td class=\"column-4\">N\/A<\/td><td class=\"column-5\">0.6%<\/td><td class=\"column-6\">-5.7%<\/td><td class=\"column-7\">17.6%<\/td><td class=\"column-8\">12<\/td><td class=\"column-9\">3<\/td><td class=\"column-10\">67.5%<\/td>\n<\/tr>\n<tr class=\"row-45\">\n\t<td class=\"column-1\">Seattle, WA<\/td><td class=\"column-2\">$850,000 <\/td><td class=\"column-3\">0.0%<\/td><td class=\"column-4\">-10.7%<\/td><td class=\"column-5\">-0.9%<\/td><td class=\"column-6\">8.4%<\/td><td class=\"column-7\">25.7%<\/td><td class=\"column-8\">7<\/td><td class=\"column-9\">1<\/td><td class=\"column-10\">40.9%<\/td>\n<\/tr>\n<tr class=\"row-46\">\n\t<td class=\"column-1\">St. Louis, MO<\/td><td class=\"column-2\">$272,500 <\/td><td class=\"column-3\">6.9%<\/td><td class=\"column-4\">N\/A<\/td><td class=\"column-5\">0.2%<\/td><td class=\"column-6\">3.9%<\/td><td class=\"column-7\">9.4%<\/td><td class=\"column-8\">22<\/td><td class=\"column-9\">3<\/td><td class=\"column-10\">42.1%<\/td>\n<\/tr>\n<tr class=\"row-47\">\n\t<td class=\"column-1\">Tampa, FL<\/td><td class=\"column-2\">$370,000 <\/td><td class=\"column-3\">-1.3%<\/td><td class=\"column-4\">-12.1%<\/td><td class=\"column-5\">-8.4%<\/td><td class=\"column-6\">0.0%<\/td><td class=\"column-7\">14.7%<\/td><td class=\"column-8\">41<\/td><td class=\"column-9\">7<\/td><td class=\"column-10\">13.5%<\/td>\n<\/tr>\n<tr class=\"row-48\">\n\t<td class=\"column-1\">Virginia Beach, VA<\/td><td class=\"column-2\">$354,950 <\/td><td class=\"column-3\">1.4%<\/td><td class=\"column-4\">2.9%<\/td><td class=\"column-5\">1.3%<\/td><td class=\"column-6\">2.5%<\/td><td class=\"column-7\">13.3%<\/td><td class=\"column-8\">28<\/td><td class=\"column-9\">4<\/td><td class=\"column-10\">38.8%<\/td>\n<\/tr>\n<tr class=\"row-49\">\n\t<td class=\"column-1\">Warren, MI<\/td><td class=\"column-2\">$319,900 <\/td><td class=\"column-3\">6.2%<\/td><td class=\"column-4\">4.0%<\/td><td class=\"column-5\">-9.7%<\/td><td class=\"column-6\">3.3%<\/td><td class=\"column-7\">10.4%<\/td><td class=\"column-8\">17<\/td><td class=\"column-9\">3<\/td><td class=\"column-10\">40.0%<\/td>\n<\/tr>\n<tr class=\"row-50\">\n\t<td class=\"column-1\">Washington, DC<\/td><td class=\"column-2\">$600,000 <\/td><td class=\"column-3\">3.5%<\/td><td class=\"column-4\">-2.2%<\/td><td class=\"column-5\">-5.3%<\/td><td class=\"column-6\">11.2%<\/td><td class=\"column-7\">21.0%<\/td><td class=\"column-8\">29<\/td><td class=\"column-9\">5<\/td><td class=\"column-10\">43.1%<\/td>\n<\/tr>\n<tr class=\"row-51\">\n\t<td class=\"column-1\">West Palm Beach, FL<\/td><td class=\"column-2\">$525,000 <\/td><td class=\"column-3\">3.4%<\/td><td class=\"column-4\">-14.4%<\/td><td class=\"column-5\">-13.4%<\/td><td class=\"column-6\">-4.1%<\/td><td class=\"column-7\">12.7%<\/td><td class=\"column-8\">83<\/td><td class=\"column-9\">12<\/td><td class=\"column-10\">6.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-457 from cache -->\n","protected":false},"excerpt":{"rendered":"<p>Sales of existing homes dropped to a seasonally adjusted annual rate of 4,196,707 in April, and pending sales fell the most since 2023. The supply of homes for sale hit a five-year high, putting downward pressure on prices, which grew at the slowest pace in nearly two years. Still, high homebuying costs spooked buyers, as 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