Sales of existing homes declined in April on a monthly and annual basis amid a jump in supplies, real estate brokerage Redfin said in a May 19 statement.
Sales fell to a seasonally adjusted annual rate of nearly 4.2 million units in April, the lowest level since October 2024. It was down by 0.2 percent from March and lower by 1.1 percent year over year—the first annual decline in seven months.
