By the numbers: Housing market disrupted by pandemic

Housing sales reflect dramatic April drop and early signs of urban flight.
1:05 | 05/22/20

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Transcript for By the numbers: Housing market disrupted by pandemic
Housing market yet another industry that's been abandoned during this pandemic ends an American spending. More time at home and with remote work looking more like a longer term trend we're sort this seat early signs. Of urban flight. Here's a look. Five the numbers existing home sales dropped. Seventeen point 8% in April that's the largest monthly decline since July 2010 according to the National Association of Realtors. And in this cited many Americans are looking to leave urban centers and sales of condos and co ops fell the most weighs six point 4% last month. Rent growth dropped 1833. Of 35 of the nation's biggest metro apron areas in April. 22% of home builders actually lowered their prices in April but prices of existing homes rose seven point 4% from this time a year ago. 286800. Dollars that's now the median price of an existing home in the US. And with so many cooped up at home. Perhaps it is not surprising to zillow has seen an 18% increase in for sale home views on its web site compared to this time last year.

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