- Prior was 3.96m
- Sales +4.8% vs +2.9% prior (to 4.15m)
- Sales +6.1% vs -6.7% y/y prior
- Inventory 3.8 vs 4.2 months prior
- Median prices $406,100 vs $387,800 prior
- Prices +4.7% vs +3.9% y/y prior
The data shows strong momentum in the housing market, with sales reaching their highest pace since March 2024. The problem is that US 30-year mortgage rates are flirting with 7% again and that's not a good sign for the housing market going forward.
