US Existing-Home Sales Beat Expectations, Surging to Year's Highest Level in May

23:58 - 9.06.2026

June 9, Fineko/abc.az. Existing-home sales in the United States accelerated to their fastest pace of the year in May, beating Wall Street consensus projections and sparking renewed optimism following a sluggish start to the spring buying season.

ABC.AZ reports, quoting data released by the National Association of Realtors (NAR), that transactions rose by 3.2% month-on-month to a seasonally adjusted annual rate of 4.17 million units. This outperformed the median estimate in a Bloomberg survey, which had anticipated a modest 1.1% increase.

Market Fundamentals:

  • Home Prices: The median sales price for existing homes ticked up 1.3% compared to the previous year, climbing to USD 429,300.

  • Inventory Capacity: Housing inventory saw a minor year-on-year expansion, hitting 1.55 million available units—marking the highest supply level recorded since last July.

  • Chief Economist's View: NAR Chief Economist Lawrence Yun noted that home sales reached their highest baseline since December, framing the rebound as excellent news for both the broader US economy and the property sector.