Home Sales Report April of 2022

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

On May 19, 2022, National Association of Realtors® (NAR) reported that nationwide existing home sales declined 2.4% to annual rate of 5.61 million homes in April of 2022 from 6.01 million homes in March of 2022, and dropped 5.9% from 5.96 million homes from April of 2021.

There were 1.030,000 homes supplies of available inventory in April of 2022, increased 10.8% from March of 2022, but fell 10.4% from 1.15 million homes in April of 2021; while, there were 2.2 months available inventory in April of 2022 increased from to 1.9 months in March of 2022, but decreased from 2.3 months in April of 2021.

On average it took 17 days to sell a home in April of 2022, unchanged from 17 days in March of 2022, and same as from 17 days in April 2021.

First time buyers acquired 28.0% of homes in April of 2022, lower from 30.0% in March of 2022, and down from 31.0% in April of 2021.
Investors purchased 17.0% of homes in April of 2022, reduced from 18.0% in March of 2022, unchanged from 17.0% in April of 2021.

Cash buyers purchased 26.0% of all sales in April of 2022, declined from 28.0% in March of 2022, but up from 25.0% in April of 2021.

Lawrence Yun, NAR chief economist, stated "It looks like more declines are imminent in the upcoming months, and we'll likely return to the pre-pandemic home sales activity after the remarkable surge over the past two years."

For more complete information, on NAR's April 2022 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

Comments (12)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning John - thanks for the continued stream of information.  We will watch to see the trend in coming months.

May 22, 2022 06:20 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and enjoy your day!

May 22, 2022 06:37 AM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Interesting report.  Our level of cash buyers in Elk Grove is just about 10% of the market.

May 22, 2022 06:53 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello John and thanks for the market report to share with us here in the Rain.   Hope your weather is nice today!

May 22, 2022 08:50 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

The 28% where first-time home buyers caught my attention.  Here investors are hogging the market. bill

May 22, 2022 12:15 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good morning afternoon Grant Schneider you are welcome, and glad you find the report very informative. I agree, we need to watch to see the trend in coming months. Thanks for the comment.

May 22, 2022 01:26 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Kristin Johnston - REALTOR® you are welcome, and glad you find the report very informative. Enjoy your day too! Thanks for the comment.

May 22, 2022 01:27 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Raymond Henson, eXp Realty glad you find the report very interesting. The 10.0% of cash buyers in Elk Grove is kind of lower that other areas. Thanks for the comment.

May 22, 2022 01:30 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Will Hamm you are welcome, and glad you find the market report very helpful to share with everyone here in the Rain. Thank you, and hope your weather is nice today too! Thanks for the comment.

May 22, 2022 01:32 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Bill Salvatore - East Valley it is interesting that 28% first-time home buyers caught your attention. Investors are very active in your market. Thanks for the comment.

May 22, 2022 01:34 PM
Bill Salvatore - East Valley

I only wish we had 28% going to First- Home buyers. 

May 22, 2022 01:39 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

John you are so good at providing all the information and I agree with Lawrence Yun, next few months will not be pretty, Endre

May 22, 2022 11:56 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Endre Barath, Jr. glad you find the report very informative. I am good providing latest reports, and you are extremely good knowledgeable top producer in BHHS. Lawrence You is right that next few months will not be pretty. Thanks for the comment.

May 23, 2022 01:32 PM