Prior was 3.95m (revised to 3.96m)Sales -2.5% vs +1.3% prior Sales -4.2% vs -2.5% y/y priorInventory 4.2 vs 4.0 months priorMedian prices $416,700 vs $422,600 priorPrices +3.1% vs +4.2% y/y prior
These are closings for contracts signed in June and July. This is a two-tier market with high-end homes (above $700K) selling and everything below $500K sitting.
This article was written by Adam Button at www.forexlive.com.
