this post was submitted on 24 Jun 2025
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The home sales slump in the U.S. continues: Last month was the slowest May for existing home sales since 2009.

Existing home sales in May fell 0.7% compared to the same month last year. Measured monthly, sales were up slightly, 0.8%, from the month before — but that marks an increase from the slowest April for existing home sales in 16 years.

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[–] glimse@lemmy.world 3 points 21 hours ago

Yeah, it's just a weird period where things haven't caught up and there's nothing any authority could do to force it to catch up

That said, don't expect prices to go down much. Outside of a total market crash, prices always rise