(AURN News) — The housing market saw a slight increase in home sales as the spring sales season continues.
According to data from the National Association of Realtors, existing-home sales increased 0.2%.
But with jobs harder to come by, the rise of AI and higher inflation, the market is still far from healthy.
NAR found a 5.8% increase in unsold inventory in April. The group said that equals 1.47 million units, or 4.4 months’ worth of supply.
The median sales price for a home in April increased to $417,700 from $414,000, a 0.9% increase.
Click play to listen to the AURN News report from Jamie Jackson:
