U.S. October existing home sales data
SPY•U.S. existing-home sales fell 5.5% in October to a seasonally adjusted annual rate of 3.75 million, below the 3.85 million forecast. The median price was $416,700, and available homes totaled 1.59 million.
1. October sales and supply
Existing-home sales fell from 3.97 million in September to a seasonally adjusted annual rate of 3.75 million in October, below the 3.85 million forecast. Single-family sales were 3.41 million and condominium and co-op sales were 340,000. The median price was $416,700, while inventory rose to 1.59 million homes, equivalent to 5.1 months of supply.
