Regional Home Sales Report April 2022

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

On May 19, 2022, National Association of Realtors® (NAR) reported that regional existing home sales in the Northeast increased 1.5% to an annual rate 673,000 homes in April of 2022 from of March 2022, but fell 10.7% from April of 2021. The median price in the Northeast was $412,100 in April 2022, rose 8.1% from April of 2021.

Home sales in the Midwest up 3.1% to an annual rate 1.310,000 homes in April of 2022 from of March 2022, but decreased 1.5% from April of 2021. The median price in the Midwest was $282,000 in April of 2022, gained 8.7% from April of 2021.

Home sales in the South down 4.6% to an annual rate 2.490,000 homes in April of 2022 from March of 2022, and lower 5.7% from April of 2021. The median price in the South was $352,100 in April of 2022, jumped 22.2% from April of 2021.

Home sales in the West declined 5.8% to an annual rate 1.140,000 homes in April of 2022 from March of 2022, and dropped 8.1% from April of 2021. The median price in the West was $523,000 in April of 2022, higher 4.3% from April of 2021.

Lawrence Yun, NAR chief economist, stated "The cash buyers, not impacted by mortgage rate changes, remain elevated."

For more complete information, on NAR's April 2022 regional 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 (4)

Brenda J. Andrew
ULTIMA REAL ESTATE - Corpus Christi, TX
Professional Realtor in Corpus Christi, TX

Good morning John Pusa - This is great information for sellers.  The prices are on the rise, and you are right, the cash buyers are not bothered by the interest rates.  We are seeing some homes sit for a little longer in our area, but if they are priced right, they still sell within a few days or hours.  Thanks for sharing this valuable information! Have a great day!

May 25, 2022 06:11 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 25, 2022 06:59 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good afternoon Brenda J. Andrew you are welcome, and glad you find the report very informative for sellers. I agree, the prices are on the rise, and cash buyers are not bothered by the higher interest rates. Lately, some homes sit for a little longer in yours and other areas, but if they are priced right, they still sell within a few days or hours. Thank you, and have a great day too! Thanks for the comment.

May 25, 2022 03:14 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 25, 2022 03:15 PM