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Realtor.com® May Housing Report: Home Price Gains Slow to Lowest Rate on Record

PR Newswire - Thu Jun 1, 2023

In May, home price growth slowed to 0.9% year over year, as active inventory decreased in 21 out of 50 of the largest metros

SANTA CLARA, Calif., June 1, 2023 /PRNewswire/ -- Home prices rose slightly in May, but price growth slowed to the lowest rate on record since 2016, suggesting home prices may not see a new peak in 2023, according to the Realtor.com^®Monthly Housing Trends Report released today. Additionally, home inventory growth continues to slow and is declining in many metro areas across the country as fewer sellers list their homes than last year and buyers compete over the remaining affordable homes for sale.

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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