US: Existing Home Sales decline by 1.5% in September

Existing Home Sales in the US declined slightly less than expected in September
US dollar under pressure amid risk appetite.

Existing Home Sales in the US declined for the eighth straight month in September, after posting a 1.5% slide to a seasonally adjusted annual rate of 4.71 million, above the 4.70 million of market consensus. Sales were down 23.8% on a yearly basis, the National Association of Realtors (NAR) reported on Thursday.

“The median existing-home sales price increased to $384,800, up 8.4% from one year ago,” noted NAR in its publication. “The median existing-home sales price increased to $384,800, up 8.4% from one year ago.