U.S. Existing Home Sales Barely Move in April as Median Price Hits Record April High
Existing home sales rose 0.2% to a 4.02 million SAAR in April while median price reached $417,700, the highest April on record.
CNBCApril home sales disappoint as higher mortgage rates weigh on buyers
Epoch TimesUS Existing Home Sales Flat in April: NAR
New York PostHome sales barely budge in April as spring buying season off to disappointing start
ABC NewsUS home sales flat in April as lackluster spring homebuying season lurches forward
Washington TimesU.S. home sales flat in April as lackluster spring homebuying season lurches forward
Overview
Existing home sales edged up 0.2% from March to a seasonally adjusted annual rate of 4.02 million units in April, the National Association of Realtors said.
The April sales pace was unchanged from a year earlier and fell short of the roughly 4.12 million pace economists were expecting, according to FactSet.
NAR chief economist Lawrence Yun said mortgage rates are lower than a year ago and average income growth is outpacing home price gains, but inventory growth remains insufficient.
There were 1.47 million unsold homes at the end of April, up 5.8% from March and translating to a 4.4-month supply at the current sales pace.
The U.S. median sales price rose 0.9% from a year earlier to $417,700 in April, the highest price NAR has recorded for April.
Analysis
Center-leaning sources frame the housing story as a disappointing market constrained by higher mortgage rates and tight inventory. Editorial choices—headline wording, lead emphasis on flat sales versus expectations, and selective data placement—underscore that narrative, while source content (mostly NAR quotes) provides counterpoints but buyer or regional perspectives are omitted.