WASHINGTON (Reuters) – US pre-owned home sales fell to the lowest level in nearly two years in April as home prices jumped to a record high amid persistent shortages.
Used home sales fell 2.4% to a seasonally adjusted annual rate of 5.61 million units last month, the lowest level since June 2020, when sales were recovering from Covid-19 lockdowns. This was the third consecutive drop in monthly sales.
Economists polled by Reuters had predicted a drop in sales to 5.65 million units.
In April, the average price of pre-owned homes soared 14.8% year-on-year to $391,200.
(By Lucia Mutikani)
The post Used Home Sales in the US Fall for the 3rd Month in a Row with Prices at Record Levels appeared first on ISTOÉ DINHEIRO.
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