U.S. September existing home sales data
SPY•U.S. existing home sales rose 1.5% in September to a seasonally adjusted annual rate of 3.99 million, above economists’ 3.95 million forecast. The median price was 417.5, down 2.4% from August.
1. Sales and prices
Existing home sales increased to a seasonally adjusted annual rate of 3.99 million in September, from 3.93 million in August. Single-family sales rose 2.0% to 3.64 million, while condominium and co-op sales fell 2.8% to 350,000. The median price was 417.5, and available units totaled 1.6 million, equal to 4.8 months of supply.
