US existing home sales hit lowest level since August 2010 in October
- 1US existing home sales fell 5.5% from the previous month in October, dropping to an annualized rate of 3.75 million units.
- 2The median price rose 0.4% from a year ago to $416,700, marking 40 consecutive months of annual increases.
- 3Inventory increased to 1.59 million units, representing a 5.1-month supply.
So what's the key point?
The number of existing homes sold in the US decreased by 5.5% compared to last month. As home prices continue to rise, the number of people looking to buy homes appears to have decreased.
Source Barrons.com +3 · View original ↗
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