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U.S. Home Sales Drop for Fourth Month in Row

M. Ali 22 June, 2021 6:20 pm Market Update

Home sales in the United States continued to decline for the fourth consecutive month during May, data showed on Tuesday.

Existing home sales fell by 0.9% last month to a seasonally adjusted annual rate of 5.80 million units, according to the National Association of Realtors.

Resale activity soared by 44.6% on an annual basis.

The median existing house price surged by a record 23.6% to $350,300, reaching a new record high.

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