The prior month was lower at 5.25M from 5.26M (not much change). The sales pace is the slowest since 4.91M in May, 2014.
Months supply comes in at 5.1 months. The average and mean prices remain fairly steady.
The numbers are being characterized as “puzzling” and may be “an aberration” according to the National Association of Realtors.
Existing home sales trends in the US
