HAR Report-Days on Market, or the actual time it took to sell a home, increased from 34 to 55 days. Months of inventory registered 2.7 months compared to 1.3 months a year earlier. The current national supply stands at 2.6 months, as reported by NAR.
Broken out by housing segment, April sales performed as follows:
$1 - $99,999: decreased 36.4 percent
$100,000 - $149,999: decreased 30.3 percent
$150,000 - $249,999: decreased 12.2 percent
$250,000 - $499,999: decreased 19.7 percent
$500,000 - $999,999: decreased 22.0 percent
$1M and above: decreased 22.4 percent
HAR also breaks out sales figures for existing single-family homes. Existing home sales totaled 5,391 in April, down 24.5 percent from the same month last year. The average price fell 3.0 percent to $415,699 and the median sales price declined 4.8 percent to $320,000.