US June existing home sales data
- Prior was 5.86m (revised to 5.87m)
- Supply at 2.6 months vs 2.6 months prior (revised to 2.5 months)
- Median price $359,900 vs $363,300 prior
- Median prices +17.8% y/y
This is a moderate surprise and comes on the heels of a better new home sales report as well. We could be seeing the end of the ebb in sales that's characterized the summer.
