US Existing Home Sales (Dec) 4.35M vs. Exp. 4.21M (Prev. 4.14M, Rev. 4.13M)
Newsquawk Staff ·
- Inventory of homes for sale 1.18mln units, 3.3 months' worth (prev. 4.2mnths).
- Median home price for existing homes USD 405,400, +0.4% Y/Y.
What it means
The US Existing Home Sales data for December came in at 4.35M, exceeding expectations of 4.21M, indicating stronger activity in the housing market than anticipated. This uptick, alongside a notable reduction in inventory to 1.18 million units, suggests tighter supply conditions, which could influence price stability and outlook for future rate discussions by the Fed.
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