The National Association of Realtors reports that existing-home sales in the U.S. climbed 7.6% in April above March’s level.
Economists surveyed by Dow Jones Newswires expected sales last month to climb 4.7%, to a rate of 5.60 million.
The increase was 22.8 percent over one year earlier.
At the same time, inventory rose to 8.4 months at the current sales pace from 8.1 months in March.
Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022