US Existing Home Sales (Jan) 3.91M vs. Exp. 4.18M (Prev. 4.27M, Rev. From 4.35M, Low. 4.00M, High. 4.36M)

• Inventory of homes for sale 1.22mln units, 3.7 months' worth (prev. 3.3 months' worth).
• National median home price for existing homes USD 396,800, +0.9% Y/Y.

The US existing home sales for January fell significantly short of expectations, indicating a potential softening in the housing market. The increase in inventory supply suggests a shift toward a more balanced market, which could have implications for future price trends and monetary policy considerations.