US August existing home sales 3.86m vs 3.90m expected

Prior was 3.95m (revised to 3.96m)Sales -2.5% vs +1.3% prior Sales -4.2% vs -2.5% y/y priorInventory 4.2 vs 4.0 months priorMedian prices $416,700 vs $422,600 priorPrices +3.1% vs +4.2% y/y priorThese are closings for contracts signed in June and July. This is a two-tier market with high-end homes (above $700K) selling and everything below $500K sitting. This article was written by Adam Button at www.forexlive.com.

Sep 19, 2024 - 19:45
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US August existing home sales 3.86m vs 3.90m expected
  • Prior was 3.95m (revised to 3.96m)
  • Sales -2.5% vs +1.3% prior
  • Sales -4.2% vs -2.5% y/y prior
  • Inventory 4.2 vs 4.0 months prior
  • Median prices $416,700 vs $422,600 prior
  • Prices +3.1% vs +4.2% y/y prior

These are closings for contracts signed in June and July. This is a two-tier market with high-end homes (above $700K) selling and everything below $500K sitting.

This article was written by Adam Button at www.forexlive.com.
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