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.