US EditionApril home sales dropped to the slowest pace for that month since 2009
- According to the National Association of Realtors, sales of existing homes in the US declined by 0.5% in April 2025, reaching an annualized pace of 4 million units after accounting for seasonal factors.
- The decline followed a market slowdown beginning in early 2022 caused by rising mortgage rates from pandemic lows and rapidly increasing home prices.
- Inventory increased 9% from March and 20.8% year-over-year to 1.45 million unsold homes, representing a 4.4-month supply, the highest April level since 2016.
- The national median existing home price reached $414,000 in April, a 1.8% year-over-year gain marking the 22nd consecutive month of annual price increases.
- Elevated mortgage rates near 7% and persistent affordability challenges have restrained home sales, resulting in a mild seller’s market with sales at about 75% of pre-pandemic levels.
46 Articles
46 Articles
Who can afford a house in this economy?
The supply of homes for sale hit a nearly five-year high in April, but prospective buyers aren’t exactly taking the bait. Some may feel they’re swimming in options, but many can’t afford what’s available. In this episode, why the spring housing market is feeling unbalanced. Plus, online restaurant reservation platforms duke it out with the help of credit card companies, big cities grow bigger and investors see U.S. Treasuries as an increasingly …
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