The number of home purchase and sale transactions in the US secondary market in May decreased by 0.9% compared to April – to 5.8 million, according to a report by the National Association of Realtors (NAR).
Analysts polled by the Daily FX portal had expected a decline to 5.72 million.
The release clarifies that the average price for housing of all types in May 2021 increased in annual terms by 23.6%, which is a record figure.
In particular, sales of single-family homes in the United States amounted to 5.08 million in the reporting month. In monthly terms, there was a decrease of 1%, and in annual terms – an increase of 39.2%. The average cost of such houses in the country increased in annual terms by 24.4%, to 356.6 thousand dollars.
In addition, the number of sales of condominiums and apartments in May was 720 thousand, as in April. The indicator was 100% higher than last year. The average price of such real estate increased by 21.5% in annual terms, to 306 thousand dollars.
Also, according to the association, the share of distressed real estate on the market was less than 1%, unchanged from April, but decreased compared to the level of May 2020 by 3%.