Existing-Home Sales Fall 9.7% in May While NAR Expects Strong Rebound in Coming Months

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Existing-Home Sales Fall 9.7% in May While NAR Expects Strong Rebound in Coming Months

Jul 2,2020

Fewer transactions with both Nationally and within our local Baltimore Metro area are pushing prices even higher. 

The median existing-home price2 for all housing types in May was $284,600, up 2.3% from May 2019 ($278,200), as prices increased in every region. May’s national price increase marks 99 straight months of year-over-year gains.

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