Washington (awp / dpa) – The median price of second-hand homes in the United States hit a record high in April and sales fell for the third month in a row due to a lack of available properties on the market.
According to a document released Friday by the National Federation of American Real Estate Agents (NAR), the median price of an older home jumped 19.1% year on year to reach $ 341,600.
Meanwhile, home resales fell 2.7% from the previous month, with 5.85 million homes changing owners last month.
Sales of second-hand homes plunged 6.6% in February and 3.7% in March.
Despite the decline in the last three months, the number of home sales between January and April remains up 20% compared to the same period in 2020.
“Housing supply continues to fall short of demand,” said Lawrence Yun, chief economist of NAR.
The number of homes for sale at the end of April was 1.16 million, which is 10.5% more than at the end of March but 20.5% less than at the end of April 2020.
“We should see more offers on the market in the coming months as the vaccination against Covid-19 becomes widespread and potential sellers are more comfortable with the idea of putting their homes up. on sale and show it around, ”he predicted.
“The drop in the number of owners who have suspended the repayment of their mortgage should also increase the supply of housing,” he added.
This should help “slow down the frenetic pace of price increases” in the coming months, Yun said.
afp / rp
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