• Existing-home sales slid 0.5% in April to a seasonally adjusted annual rate of 4.00 million. Sales retreated 2.0% from one year ago.
• The median existing-home sales price rose 1.8% from April 2024 to $414,000, an all-time high for the month of April and the 22nd consecutive month of year-over-year price increases.
• The inventory of unsold existing homes bounced 9.0% from the previous month to 1.45 million at the end of April, or the equivalent of 4.4 months' supply at the current monthly sales pace.

• New listings and pending sales are both down, as luxury buyers and sellers cope with economic uncertainty.
• The typical luxury home is worth about $1.8 million nationwide, ranging from just over $835,000 in Buffalo to nearly $6 million in San Jose. 
• Despite the slowdown, luxury home values are up 2.7% from a year ago — double that of the larger housing market.

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