US Existing Home Sales (Feb) 4.09M vs. Exp. 3.89M (Prev. 4.02M, Rev. From 3.91M, Low. 3.83M, High. 4.15M)

US existing home sales for February came in stronger than expected at 4.09 million versus an estimate of 3.89 million, indicating a resilient housing market.

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US Existing Home Sales (Feb) 4.09M vs. Exp. 3.89M (Prev. 4.02M, Rev. From 3.91M, Low. 3.83M, High. 4.15M)

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  • Inventory of homes for sale 1.29mln units, 3.8 months' worth (prev. 3.7 months worth)
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This positive surprise, along with an increase in inventory to 1.29 million units, suggests improving supply dynamics, which could influence future price trends and the broader economic outlook.

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