May Home Sales Hit 16-Year Low Despite Rising Inventory
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May Home Sales Hit 16-Year Low Despite Rising Inventory
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About this listen
Existing home sales ticked up slightly in May — but not enough to turn around what’s been the slowest May in 16 years. In this episode, Kathy Fettke breaks down the latest data from the National Association of Realtors and explores why more listings aren’t translating into more sales. With mortgage rates still hovering near 7% and home prices hitting new highs, affordability remains a key obstacle for today’s buyers.
Kathy also shares insights from top economists at NAR and Realtor.com, examines the shifting regional trends, and explains what rising inventory could mean for investors in the second half of the year.
Source: https://www.realtor.com/news/real-estate-news/existing-home-sales-report-nar-may-2025/ https://www.npr.org/2025/06/23/nx-s1-5440502/home-sales-uncertainty-mortgage-rates
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