💨 Abstract

The sales of previously occupied U.S. homes increased by 0.8% up from April, reaching 4.03 million units annually, surpassing economist expectations Home prices rose in May for the 23rd consecutive month. The national median sales price climbed to $422,800, setting an all-time high for May. Inventory increased, with 1.54 million unsold homes, a 6.2%

Courtesy: WTOP Staff