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U.S. Home Sales Uptick Nationwide in May

June 24, 2019 / Monsef Rachid

According to the National Association of Realtors, existing U.S. home sales rebounded in May 2019, recording an increase in sales for the first time in two months. Each of the four major U.S. regions saw a growth in sales, with the Northeast experiencing the biggest surge last month. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, jumped 2.5% from April to a seasonally adjusted annual rate of 5.34 million in May. Total sales, however, are down 1.1% from a year ago (5.40 million in May 2018).