US June existing home sales 5.86 vs 5.90m expected

US June existing home sales data

• Prior was 5.80
• Supply at 2.6months from 2.5 prior
• Median price up 23.4% y/y to $363,300
  

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.
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July 23, 2021 at 02:00AM

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