{"id":469238,"date":"2026-06-09T23:53:09","date_gmt":"2026-06-09T23:53:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/469238\/"},"modified":"2026-06-09T23:53:09","modified_gmt":"2026-06-09T23:53:09","slug":"u-s-existing-home-sales-rise-3-2-in-may","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/469238\/","title":{"rendered":"U.S. existing-home sales rise 3.2% in May"},"content":{"rendered":"

\nHomebuilding<\/a>\n<\/p>\n

Median existing-home price rose to $429,300 while total inventory reached 1.55 million units, a 4.5-month supply.<\/p>\n

By Lesprom Network<\/p>\n

\n\t\t\t\t\t\t21:58 \/ June 9, 2026\n\t\t\t\t\t<\/p>\n

U.S. existing-home sales rose 3.2% month-over-month and 3.2% year-over-year in May to a seasonally adjusted annual rate of 4.17 million. Sales rose month-over-month in the Northeast, Midwest and South and were unchanged in the West, while year-over-year sales increased in the Midwest, South and West and fell in the Northeast, according to National Association of Realtors<\/a>.<\/p>\n

Total housing inventory in May stood at 1.55 million units, up 3.3% from April and up 0.6% from May 2025, representing a 4.5-month supply of unsold homes that was unchanged from April and slightly below the 4.6 months recorded one year earlier.<\/p>\n

The median existing-home price for all housing types was $429,300 in May, a 1.3% increase from one year earlier and the 35th consecutive month of year-over-year price gains. The Housing Affordability Index registered 105.6, up from 97.5 a year ago, with year-over-year affordability improving across all regions: Northeast up 5.1%, Midwest up 6.6%, South up 8.4% and West up 11.0%.<\/p>\n

Single-family home sales rose 3.5% month-over-month to a seasonally adjusted annual rate of 3.8 million, up 3.3% from May 2025, with a median single-family price of $434,300, up 1.3% year-over-year. Condominium and co-op sales were unchanged month-over-month at a 370,000 annual rate and rose 2.8% from last year, with a median price of $378,200, up 1.7% from May 2025.<\/p>\n

By region, the Northeast recorded a 2.2% month-over-month gain to a 460,000 annual rate but was down 8.0% year-over-year with a median price of $534,900, up 4.2% from May 2025. The Midwest posted a 6.4% month-over-month increase to a 1.0 million annual rate, up 2.0% year-over-year, with a median price of $336,300, up 2.8% from last year. The South saw sales rise 3.2% month-over-month to a 1.96 million annual rate, up 5.9% year-over-year, with a median price of $373,100, up 1.1% from May 2025. The West was unchanged month-over-month at a 750,000 annual rate and rose 5.6% year-over-year, with a median price of $625,900, down 0.7% from May 2025.<\/p>\n

The REALTORS\u00ae Confidence Index showed a median time on market of 29 days, down from 32 days last month but up from 27 days in May 2025. First-time buyers accounted for 35% of sales, cash transactions were 25% of purchases, individual investors and second-home buyers made up 14% of transactions, and distressed sales (foreclosures and short sales) represented 1% of transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"Homebuilding Median existing-home price rose to $429,300 while total inventory reached 1.55 million units, a 4.5-month supply. By…\n","protected":false},"author":2,"featured_media":469239,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,5782,219,237347,1031,220,71891,111,139,69],"class_list":["post-469238","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-comments","tag-economy","tag-homebuilding","tag-marketing","tag-markets","tag-national-association-of-realtors","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/469238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=469238"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/469238\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/469239"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=469238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=469238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=469238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}