HAR Report: Days on Market, or the actual time it took to sell a home, decreased from 56 to 49 days. Months of inventory increased to a 3.7-months supply compared to 2.6 months a year earlier. The current national supply stands at 3.2 months, as reported by NAR.
Broken out by housing segment, April sales performed as follows:
$1 - $99,999: increased 24.3 percent
$100,000 - $149,999: increased 20.9 percent
$150,000 - $249,999: increased 2.2 percent
$250,000 - $499,999: increased 6.1 percent
$500,000 - $999,999: increased 14.0 percent
$1M and above: increased 33.8 percent
HAR also breaks out sales figures for existing single-family homes. Existing home sales totaled 5,753 in April, up 9.7 percent from the same month last year. The average price rose 6.8 percent to $442,773 and the median sales price rose 6.1 percent to $339,500.