- Prior month 4.00 million
- Existing home sales for September came in as expected at 4.06 million.
- Sales increased +1.5% versus -0.2% last month .
- The sales pace is the highest pace in 7 months
- inventories 1.55 million units which is a five-year high. Inventories up 14% year on year
- 4.6-month supply of unsold inventory, no change from August and up from 4.2 months in September 2024.
- $415,200: Median existing-home price for all housing types, up 2.1% from one year ago ($406,700) – the 27th consecutive month of year-over-year price increases.
This article was written by Greg Michalowski at investinglive.com.