US existing home
  • Prior was 3.95m (revised to 3.96m)
  • Sales -2.5% vs +1.3% prior
  • Sales -4.2% vs -2.5% y/y prior
  • Inventory 4.2 vs 4.0 months prior
  • Median prices $416,700 vs $422,600 prior
  • Prices +3.1% vs +4.2% y/y prior

These are closings for contracts signed in June and July. This is a two-tier market with high-end homes (above $700K) selling and everything below $500K sitting.

sales by price