- Prior was 3.93m
- Sales +1.3% vs -5.4% prior (breaks a four-month losing streak)
- Sales -2.5% y/y
- Inventory 4.0 vs 4.1 months prior
- Median prices $422,600 vs $426,900 prior
- Prices up 4.2% y/y
- Full report
Supply is up 18% year over year.
"Despite the modest gain, home sales are still sluggish," said NAR Chief Economist Lawrence Yun. "But consumers are definitely seeing more choices, and affordability is improving due to lower interest rates."
