U.S. existing-home sales fell for the second month in a row, sliding 1.9% month-over-month and 1.9% year-over-year, according to the National Association of REALTORS® (NAR), with sales down in all four regions of the country.

Higher borrowing costs and accelerating home prices continue to weigh on demand, pushing some prospective buyers to the sidelines and causing market activity to slump ahead of summer.

• Closed Sales increased 2.2 percent for Detached homes but decreased 0.7 percent for Attached homes.
• Pending Sales increased 8.0 percent for Detached homes and 2.4 percent for Attached homes.
• The Median Sales Price was up 14.3 percent to $1,200,000 for Detached homes and 20.4 percent to $825,000 for Attached homes.
• Days on Market decreased 8.0 percent for Detached homes but increased 5.0 percent for Attached homes.
• Supply increased 4.8 percent for Detached homes and 20.0 percent for Attached homes.

Home prices have continued to climb nationwide, despite an uptick in inventory this year. Nationally, the median existing-home price reached $407,600 as of last measure, a 5.7% increase from the same period last year and a record high for the month, according to NAR. Meanwhile, total inventory heading into May stood at 1.21 million units, a 9% increase month-over month and a 16.3% increase year-over-year, for a 3.5 month’s supply at the current sales pace.

The numbers by city:
These #’s are for Single Family Detached homes and do not include Attached Homes, aka condos and townhomes.
DOM = Days on Market
% List Price = Percentage of the original list price that the home sold for.

Carlsbad

Month	Avg Sold $	Chg	DOM	Chg	Sold Homes	Chg	Active Listings	Chg	% List Price	YoY Chg
05/24	$2,024,000	-1%	19	-5%	189	11%	100	18%	100.4%	6.5%
04/24	$2,039,000	4%	20	-17%	171	20%	85	8%	100.5%	13.7%
03/24	$1,960,000	-3%	24	-4%	142	21%	79	5%	100.1%	18.3%
02/24	$2,024,000	1%	25	-14%	117	17%	75	-12%	99.4%	27.0%
01/24	$2,005,000	-0%	29	12%	100	-2%	85	-6%	97.7%	25.5%
12/23	$2,013,000	12%	26	-4%	102	-20%	90	-10%	96.9%	24.0%
11/23	$1,795,000	1%	27	23%	128	-15%	100	4%	97.2%	13.1%
10/23	$1,778,000	1%	22	16%	151	-19%	96	-5%	98.3%	10.2%
09/23	$1,759,000	-3%	19	27%	186	-3%	101	-3%	98.5%	3.3%
08/23	$1,815,000	-2%	15	7%	191	7%	104	1%	99.6%	0.7%
07/23	$1,861,000	-3%	14	0%	179	15%	103	6%	100.0%	2.2%
06/23	$1,920,000	1%	14	-26%	156	-3%	97	23%	100.3%	3.0%
05/23	$1,900,000	6%	19	-17%	161	15%	79	22%	100.0%	2.4%
04/23	$1,793,000	8%	23	-26%	140	9%	65	5%	98.4%	-0.8%
03/23	$1,657,000	4%	31	0%	128	35%	62	-2%	96.9%	0.8%
02/23	$1,594,000	-0%	31	11%	95	-17%	63	-19%	95.5%	5.1%
01/23	$1,598,000	-2%	28	0%	114	-10%	78	-21%	95.9%	4.1%
12/22	$1,623,000	2%	28	-7%	127	-19%	99	-14%	94.4%	4.9%

Encinitas

Month	Avg Sold $	Chg	DOM	Chg	Sold Homes	Chg	Active Listings	Chg	% List Price	YoY Chg
05/24	$2,834,000	0%	34	55%	66	12%	66	25%	98.6%	13.5%
04/24	$2,828,000	5%	22	-8%	59	26%	53	18%	100.9%	9.1%
03/24	$2,684,000	-2%	24	-33%	47	24%	45	10%	100.9%	5.6%
02/24	$2,750,000	-2%	36	-5%	38	-10%	41	-7%	99.0%	32.4%
01/24	$2,800,000	2%	38	3%	42	-14%	44	-14%	95.0%	38.1%
12/23	$2,740,000	-7%	37	16%	49	-17%	51	-12%	95.0%	21.5%
11/23	$2,932,000	9%	32	14%	59	-23%	58	21%	97.0%	25.1%
10/23	$2,696,000	-0%	28	4%	77	-3%	48	2%	98.4%	7.6%
09/23	$2,698,000	2%	27	29%	79	-4%	47	-2%	100.0%	3.6%
08/23	$2,640,000	3%	21	-5%	82	0%	48	7%	100.0%	-1.1%
07/23	$2,560,000	1%	22	16%	82	-1%	45	0%	99.7%	-3.4%
06/23	$2,523,000	1%	19	-21%	83	2%	45	2%	98.7%	-2.7%
05/23	$2,496,000	-4%	24	-11%	81	31%	44	13%	98%	-3.7%
04/23	$2,592,000	2%	27	-18%	62	19%	39	3%	97.1%	6.4%
03/23	$2,542,000	22%	33	-8%	52	0%	38	-16%	94.9%	17.2%
02/23	$2,077,000	2%	36	13%	52	0%	45	-4%	92.2%	1.2%
01/23	$2,028,000	-10%	32	-3%	52	-15%	47	-10%	93.4%	-5.9%
12/22	$2,255,000	-4%	33	18%	61	-5%	52	-5%	92.5%	1.3%

Oceanside

Month	Avg Sold $	Chg	DOM	Chg	Sold Homes	Chg	Active Listings	Chg	% List Price	YoY Chg
05/24	$1,061,000	1%	17	-6%	261	23%	113	19%	101.1%	7.4%
04/24	$1,053,000	2%	18	-22%	212	21%	95	3%	101.1%	7.0%
03/24	$1,037,000	-3%	23	-8%	175	4%	92	6%	100.2%	12.4%
02/24	$1,066,000	-1%	25	14%	168	-6%	87	-16%	99.3%	13.6%
01/24	$1,074,000	-1%	22	5%	178	-1%	104	-12%	99.0%	15.1%
12/23	$1,080,000	4%	21	0%	180	-5%	118	-11%	99.0%	15.6%
11/23	$1,034,000	3%	21	5%	190	-12%	132	22%	100.0%	13.5%
10/23	$1,000,000	1%	20	25%	217	-9%	108	6%	100.4%	13.0%
09/23	$995,000	2%	16	14%	239	-8%	102	-7%	101.4%	10.0%
08/23	$971,000	-0%	14	0%	259	7%	110	-1%	101.5%	4.9%
07/23	$974,000	-2%	14	-22%	243	3%	111	10%	102.1%	-0.6%
06/23	$997,000	1%	18	-33%	236	2%	101	6%	101.1%	2.6%
05/23	$988,000	0%	27	-18%	232	12%	95	17%	100%	0.9%
04/23	$984,000	7%	33	-11%	208	7%	81	-21%	98.5%	5.6%
03/23	$923,000	-2%	37	9%	194	10%	103	-18%	97.2%	3.0%
02/23	$938,000	1%	34	0%	176	-7%	125	-15%	96.1%	14.0%
01/23	$933,000	-0%	34	17%	190	-16%	147	-15%	95.2%	9.5%
12/22	$934,000	3%	29	4%	225	-11%	173	-9%	95.3%	9.8%

San Marcos

Month	Avg Sold $	Chg	DOM	Chg	Sold Homes	Chg	Active Listings	Chg	% List Price	YoY Chg
05/24	$1,318,000	6%	16	0%	129	32%	74	14%	100.9%	17.4%
04/24	$1,241,000	4%	16	-27%	98	29%	65	25%	101.3%	11.5%
03/24	$1,195,000	7%	22	-12%	76	13%	52	16%	100.2%	17.5%
02/24	$1,113,000	-2%	25	-19%	67	-4%	45	0%	99.5%	11.7%
01/24	$1,137,000	-5%	31	35%	70	-22%	45	-2%	98.4%	17.0%
12/23	$1,195,000	-2%	23	15%	90	-6%	46	-8%	99.0%	25.7%
11/23	$1,219,000	2%	20	25%	96	-17%	50	19%	99.4%	25.2%
10/23	$1,192,000	-1%	16	-11%	116	6%	42	8%	100.2%	21.0%
09/23	$1,208,000	2%	18	0%	109	-13%	39	0%	100.7%	15.4%
08/23	$1,185,000	-0%	18	-14%	125	1%	39	5%	101.1%	7.9%
07/23	$1,186,000	3%	21	11%	124	-6%	37	-12%	100.6%	3.8%
06/23	$1,154,000	3%	19	-5%	132	5%	42	5%	100.1%	4.9%
05/23	$1,123,000	1%	20	-29%	126	13%	40	-9%	99.3%	3.4%
04/23	$1,113,000	9%	28	-20%	112	8%	44	-19%	98.7%	5.6%
03/23	$1,017,000	2%	35	-3%	104	16%	54	-17%	97.3%	-1.9%
02/23	$996,000	2%	36	24%	90	-14%	65	-14%	95.5%	1.5%
01/23	$972,000	2%	29	7%	105	-15%	76	-16%	95.2%	-2.1%
12/22	$951,000	-2%	27	8%	123	-22%	90	-11%	94.6%	-1.0%

Vista

Month	Avg Sold $	Chg	DOM	Chg	Sold Homes	Chg	Active Listings	Chg	% List Price	YoY Chg
05/24	$1,009,000	-0%	21	-22%	148	2%	78	13%	100.8%	7.8%
04/24	$1,011,000	2%	27	-23%	145	3%	69	13%	100.0%	8.1%
03/24	$994,000	3%	35	0%	141	0%	61	-2%	98.5%	15.2%
02/24	$968,000	1%	35	0%	141	18%	62	-18%	96.8%	15.9%
01/24	$955,000	2%	35	40%	120	-9%	76	-17%	96.4%	16.5%
12/23	$937,000	-3%	25	14%	132	5%	92	-9%	97.6%	13.2%
11/23	$964,000	-1%	22	16%	126	-19%	101	11%	98.9%	13.2%
10/23	$970,000	-2%	19	0%	156	-7%	91	23%	99.4%	7.0%
09/23	$994,000	-0%	19	19%	167	-2%	74	-12%	100.8%	9.2%
08/23	$998,000	2%	16	7%	170	16%	84	2%	101.4%	8.7%
07/23	$982,000	2%	15	-6%	147	20%	82	6%	102.1%	7.6%
06/23	$964,000	3%	16	-20%	123	-8%	77	38%	100.2%	1.6%
05/23	$936,000	0%	20	-13%	134	8%	56	10%	99.3%	-1.0%
04/23	$935,000	8%	23	-21%	124	-6%	51	-16%	98.7%	0.9%
03/23	$863,000	3%	29	-17%	132	27%	61	-10%	97.5%	-3.7%
02/23	$835,000	2%	35	-3%	104	-10%	68	-22%	95.3%	-5.5%
01/23	$820,000	-1%	36	20%	116	-6%	87	-19%	94.2%	-7.2%
12/22	$828,000	-3%	30	11%	124	-24%	107	-18%	95.3%	-3.6%