·
Sales of existing
single family homes held the high ground with a 0.1% (+5.6% y/y) slip in
October to 6.75M. September sales were revised up slightly and Consensus
expectations had been for sales of 6.72M.
· The figures reflect closings of home sales in earlier months.
· Sales fell moderately in most areas of the country except in the South where they rose (+7.4% y/y) to a record high.
· The median price of an existing home rose slightly to $187,000 (+8.8% y/y) following three months of decline.