US existing home sales
- Prior was 4.30M
- Inventory of homes for sale 1.08M vs 1.08M prior
- Supply at months 3.1 months vs 3.0 months prior (balanced is considered 6 months)
- Median sale price $410.2K vs $396.1K prior
- Median sale prices -0.9% vs -3.1% y/y prior
Inventories are tight and homes aren’t hitting the market. That’s pushing prices higher.