(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.
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About the Author
Jamie Jackson is an Emmy-nominated television and radio broadcaster who has served American Urban Radio Networks since 2015. He previously covered the Obama and Trump administrations as a White House Correspondent and Pool Reporter for AURN News. Jamie hosted a national PBS television special in 2023 and over the years has worked as a TV news anchor and local NPR host for stations across the country. His work has been honored by numerous organizations, including the NAACP and the Virginia Farm Bureau.
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