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John McClintock Team

National Association of Realtors
Home Sales Marketplace Summary

Home prices: The median existing-home price for all housing types in April reached a record high of $341,600, up 19.1% from April 2020 ($286,800).

Housing inventory: Total housing inventory remains near record lows. At the end of April, 1.16 million units were on the market, down 20.5% from a year ago. Unsold inventory is at a 2.4-month supply at the current sales pace.

Days on the market: Eighty-eight percent of the homes sold in April 2021 were on the market for less than a month. Properties typically remained on the market for 17 days in April, down from 27 days a year ago.

First-time buyers: First-time buyers comprised 31% of sales in April, down from 36% a year earlier. “First-time buyers in particular are having trouble securing that first home for a multitude of reasons, including not enough affordable properties, competition with cash buyers, and properties leaving the market at such a rapid pace,” Yun said.

Investors and second-home buyers: Individual investors and second-home buyers purchased 17% of homes in April, up from 10% in April 2020. Investors and second-home buyers tend to make up the bulk of all-cash sales, which accounted for 25% of transactions in April, up from 15% a year earlier.

Source: National Association of Realtors, Realtor Magazine

Are you active in the market looking for a Bucks, Montgomery, Delaware or Mercer County home to buy or sell? More than ever, you need expert, professional representation. Before you list your home for sale, call The John McClintock Team at 267‑759‑9518 for no obligation recommendations on dealing with bids, realistic prices and precise timing.

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Information is deemed reliable but not guaranteed.