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.