May 2019 Housing Minute

Courtesy of the National Association of REALTORS® this video provides a nice snapshot of the national housing market as of April 2019. Some highlights from the video:

  • Sales were up 2.5% from last month, but down 1.1% from a year ago.
  • Median sales prices were up 4.9% from last year at $277,700.
  • Distressed sales were only 2% of total sales, down from 3% last year and the lowest since NAR started tracking in May 2011.
  • Listing inventory is up 2.7%.
  • Days on market is only 26 days.