Existing-Home Sales Grow 1.8 Percent in May

Existing-Home Sales Grow 1.8 Percent in May

Existing-home sales sprang ahead in May to their highest pace in almost a decade, while the uptick in demand this spring amidst lagging supply levels pushed the median sales price to an all-time high, according to the National Association of Realtors®. All major regions except for the Midwest saw strong sales increases last month.