Details of the November 2016 US existing home sales data report 21 December 2016
Prior 5.60m
Inventory 1.85m vs 2.010m prior, or 4.0 months worth vs 4.3m prior
Median prices $234,000 vs $232,000 y/y
6% of sales were distressed vs 5% prior.
Not a lot for the market to get its teeth into. The flat-ish price rise over last year confirms that house prices aren't running to the moon.
Steady as she goes.
US existing home sales
