National Existing Home Sales Fall For 14th Straight Month, While The West Was Up 1.8% Month Over Month. What Does This Mean For Prices? We Give Our May Price Forecast

Denver Existing Homes Sales May 2019

National existing home sales declined 0.4% in April 2019 after falling 4.9% month over month in March 2019. This is worrisome because during this two-month period mortgage rates have been falling to almost a one-year low. This is also the 14th month in a row of annual declines, which now makes it the longest stretch of declines since the housing crisis that occurred over a decade ago.