U.S. existing-home sales jumped 2.8% month over month in May to their highest level since October 2022. Overall home sales–including both existing and newly built homes–also rose to their highest level since October 2022, rising 3.8% month over month. While closed sales surged, pending sales—a more current market indicator—flattened as mortgage rates rose.

 

All figures in this report are seasonally adjusted, with the exception of median sale price data and mortgage rate data. See a more detailed methodology here and view an interactive dashboard here.