Existing-home sales continued to fall in April, down 0.5% from March to a seasonally adjusted rate of 4M last month, according to data released Thursday by the National Association of Realtors
Existing-home sales dropped by 5.9% from February and by 2.4% from March 2024 as homebuyers continued to deal with affordability challenges, said NAR Chief Economist Lawrence Yun
Strategic migration, low inventory and a demand for larger spaces have also contributed to rising luxury prices, agents told Inman, depending on the specific market
That figure represents the largest share of homes purchased in all cash since 2014, according to Redfin
Agreement in South Florida follows a similar one in Texas
Condo cash deals are the most common in the area