In April 2017, sales in the secondary housing market in the U.S. fell by 2.3% compared with the previous month – down to 5.57 million homes in terms of annual growth, a report released by the National Association of Realtors said.
In March, the sales amounted to 5.70 million homes, not 5.71 million, as previously reported. The March figure was a record since February 2007.
Analysts forecast a decrease in sales by 1.1% in April from the previously specified level, down to 5.65 million per annum.
Shortage of supply and high prices deter buyers, but experts say that strong growth in employment and prospects for higher wages maintain a relative stability of the housing market.