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Home Sales Report April Of 2024

By
Industry Observer CDRE #01044712

On May 22, 2024, National Association of Realtors® (NAR) reported that nationwide existing home sales decreased 1.9% to annual rate of 4.14 million homes in April of 2024 from March of 2024, and down 1.9% from 4.22 million homes from April of 2023.

There were 1.21 million homes supplies of available inventory in April of 2024, gained 9.0% from March of 2024, and jumped 16.3% from 1.04 million homes in April of 2023; while, there were 3.5 months available inventory in April of 2024 higher from to 3.2 months in March of 2024, and grew from 3.0 months in April of 2023.

On average it took 26 days to sell a home in April of 2024, lower from 32 days in March of 2024, but grew from 22 days in April 2023.

First time buyers acquired 33.0% of homes in April of 2024, higher from 32.0% in March of 2024, and up from 29.0% in April of 2023.

Investors purchased 16.0% of homes in April of 2024, gained from 15.0% in March of 2024, but declined from 17.0% in April of 20223.

Cash buyers purchased 28.0% of all sales in April of 2024, unchanged from 28.0% in March of 2024, and from 28.0% in April of 2023.

For more complete information, on NAR's April 2024 existing home sales report, please click HERE

Posted by

John Pusa

Better way to buy and sell real estate

Office (818) 441-8881

Mobile (818) 441-8881

Michael Elliott
Fathom Realty - Burlington Township, NJ
Burlington, New Jersey Residential Sales

Thanks for this report today, John.  Always interesting to see the national stats!

May 23, 2024 06:55 AM
John Pusa

Hello Michael Elliott you are welcome, and thank you for the comment.

May 23, 2024 03:05 PM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Strong April report! Thanks for sharing, make it a great Thursday and enjoy your upcoming Holiday

weekend!

Bill Salvatore, Realtor- Arizona Elite Properties

May 23, 2024 08:25 AM
John Pusa

Hello you are welcome, and enjoy your up coming holiday weekend too. Thank you for the comment.

May 23, 2024 03:06 PM
Roy Kelley
Retired - Gaithersburg, MD

Good Thursday morning, John.

I hope all is going well for you this week.

May 23, 2024 08:57 AM
John Pusa

Hello Roy Kelley I hope all is going well for you this week too, and thank you for the comment.

May 23, 2024 03:07 PM
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

John, this is great information to share. It's interesting to see that investors bought 16% of the home sales. We need more first time home buyers. Inventory is up; sales have slowed. Interesting to see on a nationwide basis.

May 23, 2024 09:37 AM
John Pusa

Hello Pat Starnes-Front Gate Realty glad you find the report very valuable to share with everyone. Thank you for the comment.

May 23, 2024 03:08 PM
Bo Zivak
Zivak Realty Group - Nashville, TN
Nashville Real Estate Broker

Thank you very much, John, for sharing this report. Have an outstanding weekend.

May 24, 2024 12:12 AM