US Existing Home Sales (Mar) 3.98M vs. Exp. 4.06M (Prev. 4.09M, Low. 3.9M, High. 4.14M)
- Inventory of homes for sale 1.36mln units, 4.1 months worth (prev. 3.8 months worth).;
- Median home price for existing homes USD 408,800, +1.4% Y/Y.
Context
The US Existing Home Sales data for March came in below expectations, indicating a potential slowing in the housing market as sales dropped from 4.09M to 3.98M. With an increase in inventory to 1.36 million units, the rise in months of supply could signal cooling demand, which may have implications for interest rates and housing market policies moving forward.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#UNITED STATES#IMPORTANT#EU SESSION#US SESSION#US EXISTING HOME SALES#CALENDAR EVENT#US DATA