Home sales slipped unexpectedly in April, despite big gains in supply

by anastasiakaufman-chime-me

PUBLISHED WED, MAY 22 202410:00 AM EDTUPDATED 2 HOURS AGO

By: Diana Olick

A recently sold home in the Issaquah Highlands area of Issaquah, Washington, US, on Tuesday, April 16, 2024. The National Association of Realtors is scheduled to release existing homes sales figures on April 18. Photographer: David Ryder/Bloomberg via Getty Images
Homes in the Issaquah Highlands area of Issaquah, Washington, US, on Tuesday, April 16, 2024. David Ryder | Bloomberg | Getty Images

Sales of previously owned homes fell 1.9% in April from March to 4.14 million units, on a seasonally adjusted annualized basis, according to the National Association of Realtors. The forecast had been for a slight gain.

Sales were also down from April 2023, off 1.9% from last year.LEARN MORE…

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