U.S. existing-home sales fell for the second month in a row, sliding 1.9% monthover-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. • Single Family Closed Sales were up 0.3 percent to 295. • Townhouse-Condo Closed Sales were up 21.6 percent to 62. • Adult Communities Closed Sales were up 35.0 percent to 27. • Single Family Median Sales Price increased 14.1 percent to $320,000. • Townhouse-Condo Median Sales Price increased 0.3 percent to $291,000. • Adult Communities Median Sales Price increased 34.7 percent to $414,230. 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 yearover-year, for a 3.5 month’s supply at the current sales pace.