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
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