US June existing home sales 4.16M vs 4.20M expected | Forexlive

• Prior was 4.30M
• Inventory of homes for sale 1.08M vs 1.08M prior
• Supply at months 3.1 months vs 3.0 months prior (balanced is considered 6 months)
• Median sale price $410.2K vs $396.1K prior
• Median sale prices -0.9% vs -3.1% y/y prior

Inventories are tight and homes aren’t hitting the market. That’s pushing prices higher.