Existing Home Sales, which measures closings on existing homes, were down 2.7% in April, but are up still up 19% from 2019 and 33%year over year. Inventory 1.16M homes for sale, which is down over 20.5% year over year, which is a 2.4-month supply. Homes were only on the market for 17 days on average. The Median home price was $341,600, which is a record high and up 19% year over year. Sales on the low end were down, while homes between $750 and $1M were up 146%. Homes above $1M were up 212%. This drags the median home price higher. First Time Home Buyers decreased from 32% to 31%, which is still a decent level considering the stiff competition for homes on the lower end and the lack of inventory. Cash buyers increased from 23% to 25%. Investors purchased 17% of homes, up from 15%.