In may sales of homes in the U.S. unexpectedly rose to the third largest level in a decade, and a chronic shortage of offers on the real estate market has led to growth and median housing prices, which reached a record level.
The national Association of realtors said that in the current year, sales of single family homes rose 1.1% to 5.62 million, for a seasonally adjusted basis last month. Sales growth increased by 2.7% compared to may of 2016.
The number of homes on the market rose 2.1% for the month, but the offer was declined by 8.4% compared to last year.
The average price of housing rose to a record level of 252 800 dollars, which is 5.8% more than a year ago. This fact reflects the lack of properties on the market.
The growth of housing prices was also attributable to the unemployment rate that is near 16-year low.
The average number of days during which the house was on the market in may — 27, and it the short time since it began tracking data in 2011.
Economists polled by Reuterspredict that sales next month are likely to fall 0.5 percent to 5.55 million.
