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Home Sales: Difference between revisions
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* Total inventory of unsold existing homes rose by 3.8% from the previous month to 1.08 million, reflecting 3 months of supply at the current pace of sales. | * Total inventory of unsold existing homes rose by 3.8% from the previous month to 1.08 million, reflecting 3 months of supply at the current pace of sales. | ||
* The median existing-home price for all housing types fell by 3.1% compared to the corresponding month of the previous year to $396,100. | * The median existing-home price for all housing types fell by 3.1% compared to the corresponding month of the previous year to $396,100. | ||
* Pending home sales in the US fell 2.7% month-over-month in May of 2023, to the lowest level this year, and worse than market forecasts of a 0.5% drop as limited supply and high-interest rates continue to negatively impact sales. | |||
== References == | == References == | ||