May Existing Home Sales: -3.8% to 4.81M vs. 4.79M expected, 5M prior (revised). Inventory of...
May Existing Home Sales: -3.8% to 4.81M vs. 4.79M expected, 5M prior (revised). Inventory of unsold homes -1% to 3.72M; months supply 9.3. Median sales price -4.6% Y/Y to $166,500. "Spiking gasoline prices along with widespread severe weather hurt house shopping in April, leading to soft figures for actual closings in May," NAR's Lawrence Yun says.
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