US June existing home sales 5.86 vs 5.90m expected
US June existing home sales data
This is a modest disappointment but there were whispers of something worse. The housing market is going through a period of reflection as it adjusts to higher prices and the post-pandemic period.
- Prior was 5.80
- Supply at 2.6months from 2.5 prior
- Median price up 23.4% y/y to $363,300