Regional Home Sales Report May 2022

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

On June 21, 2022, National Association of Realtors® (NAR) reported that that regional existing home sales in the Northeast gained 1.5% to an annual rate 680,000 homes in May of 2022 from of April 2022, but declined 9.3% from May of 2021. The median price in the Northeast was $409,700 in May 2022, sore 6.7% from May of 2021.

Home sales in the Midwest decreased 5.3% to an annual rate 1.240,000 homes in May of 2022 from of April 2022, and lower 7.5% from May of 2021. The median price in the Midwest was $294,500 in May of 2022, higher 13.5% from May of 2021.

Home sales in the South down 2.8% to an annual rate 2.410,000 homes in May of 2022 from April of 2022, and dropped 8.4% from May of 2021. The median price in the South was $375,000 in May of 2022, rose 20.6% from May of 2021.

Home sales in the West declined 5.3% to an annual rate 1.080,000 homes in May of 2022 from April of 2022, and fell 10.0% from May of 2021. The median price in the West was $633,000 in May of 2022, jumped 13.3% from May of 2021.

Lawrence Yun, NAR chief economist, stated "Home sales have essentially returned to the levels seen in 2019 – prior to the pandemic – after two years of gangbuster performance,"

For more complete information, on NAR's May 2022 regional 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 (10)

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

Hi John - good information on each region of the country.  I can think of some pocket exceptions that makes real estate local.

Jun 26, 2022 06:12 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and have a wonderful day!

Jun 26, 2022 06:57 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Thank you for sharing the information. Buyers and sellers in your area will benefit from your expertise. Wishing you continued success.  Have a wonderful day and sell a house.  bill

Jun 26, 2022 10:18 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good afternoon John. Interesting numbers. Will be even more interesting to see the numbers for third quarter. Blip, adjustment or panic? Time will tell. Enjoy your day.

Jun 26, 2022 12:16 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Grant Schneider glad you find the report very helpful and informative on each region of the country. I agree, some pocket exceptions that makes real estate local. Thanks for the comment.

Jun 26, 2022 03:03 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. Have a wonderful day too! Thanks for the comment.

Jun 26, 2022 03:04 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Bill Salvatore - East Valley you are welcome, and glad you find the report very informative and beneficial to buyers and sellers in my area. Thank you, wishing you continued success, and have a wonderful day and sell a house too. Thanks for the comment.

Jun 26, 2022 03:06 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good afternoon Wayne Martin glad you find the numbers very interesting. You are right, it will be even more interesting to see the numbers for 3rd quarter to blip, adjustment, or panic. I agree, time will tell. Thank you, and enjoy your day too. Thanks for the comment.

Jun 26, 2022 03:09 PM
Roy Kelley
Retired - Gaithersburg, MD

Good Monday morning, John.

Have a great day and an outstanding week.

Jun 27, 2022 04:39 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good Monday morning Roy Kelley. Thank you, and have a great day and an outstanding week too. Thanks for the comment.

Jun 27, 2022 12:53 PM