California-Listings-Magazine-June-7-2023 - Flipbook - Page 10
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$2.099M | 650 La Marina Drive, Camarillo, CA 93010 | Listing by Rosemary Allison | (805) 479-7653
National Existing-Home Sales
Drop 3.4 Percent In April
• In the West, existing-home sales slipped
6.1 percent from the previous month, and
down 31.3 percent from the previous year
The National Association of Realtors reports that April
saw existing-home sales transactions fall by 3.4 percent across the country when compared to March
2023. The median existing-home sales price slipped
1.7 percent from one year ago to $388,800.
ing-home sales declined 1.9 percent from one month
ago, while down 21.5 percent annually.
Existing-home sales in the South decreased 3.4 percent from March to an annual rate of 1.98 million in
April, a 20.2 percent decline from one year ago. The
median price in the South was $357,900, down 0.6
percent from April 2022.
In the West, existing-home sales slipped 6.1 percent
from the previous month to an annual rate of 770,000
in April, down 31.3 percent from the previous year. The
median price in the West was $578,200, down 8 percent from April 2022.
“Home sales are bouncing back and forth but remain
above recent cyclical lows,” said NAR Chief Economist
Lawrence Yun. “The combination of job gains, limited
inventory and fluctuating mortgage rates over the last
several months have created an environment of pushpull housing demand.”
Sales in the Northeast were down 1.9 percent from
March and down 23.9 percent from April 2022. The
median price in the Northeast was $422,700, up 2.8
percent from the previous year. In the Midwest, exist-
The inventory of unsold existing homes increased 7.2
percent from the previous month to 1.04 million at the
end of April, or the equivalent of 2.9 months’ supply at
the current monthly sales pace.