Existing-Home Sales Decline 2.7% in April
iCrowd Newswire
Key Highlights
Year-to-date – months January to April – sales are still up 20%.
The median existing-home sales price rose to 19.1% year-over-year to $341,600, both record highs.
Existing-home sales waned in April, marking three straight months of declines, according to the National Association of Realtors®. All but one of the four major U.S. regions witnessed month-over-month drops in home sales, but each registered double-digit year-over-year gains for April.
Total
existing-home sales,1 completed transactions that include single-family homes, townhomes, condominiums and co-ops, slipped 2.7% from March to a seasonally-adjusted annual rate of 5.85 million in April. Sales overall jumped year-over-year, up 33.9% from a year ago (4.37 million in April 2020).
CONTRIBUTED GRAPHICS
ANNAPOLIS â Marylandâs housing market continued its strong sales pace in 2021 with March sales figures of 7,964 units sold, which outpaced the previous yearâs sales of 7,148 by 11.4%. The average sales price, $404,606, reflected an increase of 11.3% from March 2020, while the March 2021 median sales price of $342,500 outpaced the previous year by 8.7%. An indicator of how fast the market is moving, median days on market, dropped to just 7 days in March.
Housing inventory, or the lack thereof, remains the overarching concern with the current market. For the first three months of 2021, months of inventory has remained at 0.8, while the pool of active inventory has continued to shrink. March 2021âs active inventory was recorded at 6,202â a shadow of March 2020âs active inventory, which stood at 19,061.
Homes That Sold for Around $1 Million
Recent residential sales in New York City and the region.
April 25, 2021, 9:00 a.m. ET
Each week, our survey of recent residential sales in New York City and the surrounding region focuses on homes that sold around a certain price point, allowing you to compare single-family homes, condos and co-ops in different locales.
The “list price” is the asking price when the property came on the market with the most recent broker. The time on the market is measured from the most recent listing to the closing date of the sale.
Rockland | 4 bedrooms, 2 baths
$960,000
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NFL’s Eric Reid fields offers for bucolic New Jersey manor
The 2.6-acre spread centers on a 1920s English manor with antique accents and an attic with a wet bar.
(Sotheby’s International Realty)
April 20, 2021 6 AM PT
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Eric Reid, the NFL veteran who knelt in protest alongside Colin Kaepernick during the U.S. national anthem to highlight racial injustice, is selling his New Jersey home. The 1920s English manor is up for grabs at $1.85 million.
Reid, a Pro Bowl safety who played for the 49ers and Panthers during his career, picked up the property for $1.5 million in 2018, records show. That same year, he filed a collusion grievance against the NFL and reached a settlement in 2019.