Arrr mateys, more land lubbers be tryin' to sell their shanties to escape the perilous seas! Aye, beware!
2024-05-22
Arrr, me hearties! The loot of homes for sale be risin' to 1.2 million in April, as reported by the National Association of Realtors. Prices be high, and borrowin' costs be steep. The unsold homes be sittin' around for 3.5 months or more, aye! Sales be down 2 percent, arrr!
Arrr mateys, listen up! The treasures of existing homes for sale be on the rise, with a grand total of 1.2 million up for grabs in April, as reported by the National Association of Realtors (NAR). This be the highest count since the days of October 2022, with prices and borrowing costs still bein' as high as the crow's nest.Compared to the previous month, the number of unsold homes be up by a hearty 9 percent, givin' us a bounty of 3.5 months' worth of supply to pillage. And let's not forget the whopping 16 percent increase from this time last year, me hearties!
Sadly, the sales of these existing homes took a bit of a dip, fallin' by nearly 2 percent to a yearly rate of 4.14... but fear not, for there be plenty more homes on the horizon for all ye landlubbers lookin' to make a purchase. So batten down the hatches and set sail for your dream home, for the market be ripe with opportunities!