Home Sales Report April 2020

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CDRE #01044712

On May 21, 2020, Magazine.Realtors reported that nationwide existing home sales dropped 17.8% to annual rate of 4.33 million homes in April of 2020 from March of 2020, and fell 17.2% from 5.23 million homes from April of 2019.

There were 1.47 million homes supplies of available inventory in April of 2020, declined 19.7% from April of 2019; while, there were 4.1 months available inventory in April of 2020.

On average it took 27 days to sell a home in April of 2020, increased from 24 days in April 2019.

First time buyers acquired 36.0% of homes in April of 2020, higher from 32.0% in April of 2019.

Cash buyers purchased 15.0% of all sales in April of 2020, lower from 20.0% in April of 2019.

Investors purchased 10.0% of homes in April of 2020, decreased from 16.0% in April of 2019, according to Realtors on May 21, 2019.

Lawrence Yun, NAR chief economist, stated “But the listings that are on the market are still attracting buyers and boosting home prices.”

For more complete information, on NAR's April 2020 existing home sales report, please click HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

John Pusa this is valuable information for Buyers and Sellers looking to buy or sell a home.

May 22, 2020 04:34 PM #1
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

George Souto glad you find the report very informative to buyers and sellers. Thanks for the comment.

May 22, 2020 08:05 PM #2
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Raymond Henson, SRES, GRI
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Thank you for the update, John Pusa.  We are living in ever changing times and it is good to see how the real world numbers look.  Prices are still moving up.

May 22, 2020 09:52 PM #3
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

You are welcome Raymond Henson, SRES, GRI glad you find the real stats very helpful. I agree, prices moving up in some areas. Thanks for the comment.

May 23, 2020 11:50 AM #4
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Rainmaker
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John Pusa

Your All Time Realtor With Exceptional Service
I will be very happy to assist you with your real estate needs.
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