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In May 2024, existing-home sales fell slightly as the median sales price climbed to a record high. In the four regions of the U.S., sales declined month-over-month in the South but were unchanged in the Northeast, Midwest, and South. Year-over-year, sales rose in the Midwest but receded in the Northeast, South, and West. According to NAR Chief Economist Lawrence Yun, more inventory will help boost home sales and tame home price gains in the upcoming months.
- Read the full news release.
- See the summary of May 2024 Existing Home Sales Statistics (PDF: 338 KB)
- View supplemental market data (PDF: 126 KB)