• Prior month 4.03M revised to 4.04M
  • Existing home sales 3.93M vs 4.00M estimate
  • Existing home sale -2.7% vs +1.0% last month
  • inventory of homes 1.53 million units/4.7 months worth. Six months is considered balance
  • median home price for existing homes at record high $435,300.
  • Median home prices up 2% from June 2024
  • The report is based on closing. The 30 year fixed mortgage is currently at 6.77%
  • time on market 27 days versus 22 days
  • first-time buyers 30% versus 40% historically
  • all cash Sales 29% of sales
Source: Forex Live