NAR reports July existing home sales down 1.7%
July existing home sales fell 1.7% to 4.06 million, median price rose 2.0% to $434,100, inventory dipped to 1.54 million.
July existing home sales fell 1.7% to 4.06 million, median price rose 2.0% to $434,100, inventory dipped to 1.54 million.
BELLINGS Intelligence Score: 12
Why it matters
The 1.7% decline in July existing home sales is routine housing market data reflecting ordinary market fluctuations without novel implications for credit markets or underwriting standards.
Sources
HousingWire
NAR reports July existing home sales down 1.7%
July existing home sales fell 1.7% to 4.06 million, median price rose 2.0% to $434,100, inventory dipped to 1.54 million.