US existing sales for March 4.02M vs 4.13M estimate | Forexlive
- Prior month 4.26M revised to 4.27M
- Existing home sales lower at 4.02M annualized pace versus 4.13M estimate. The prior month was revised marginally higher to 4.27M
- Decline -5.9% after rising 4.4% last month
- inventory/sales 4.0 months supply
- supply of homes is now 1.33 million
- median price is $403,700 up 2.7% year on year
- first-time buyer steady and 32%
- all-cash SALES 26% versus 28%
Slowest sales pace since 2009.
This article was written by Greg Michalowski at www.forexlive.com.
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