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April Existing Home Sales Below-Expected....>

US DATA
US DATA: April Existing Home Sales Below-Expected 5.19m SAAR
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- Existing home sales 5.19m saar vs 5.35m BBG, 5.38m MNI. March unrev 5.21m.
- April sales just below 5.21m Q1 average.
- Sales were -1.1% for single-family homes and +5.6% for condos. 
- Sales down in NE, South, up in West, unch in MW.
- The supply of homes +1.7% y/y to 1.83m, 4.2 month supply vs 4.0 year ago. 
- The median sales price rose in April to $267,300, +3.6% y/y. 
- NAR's Yun noted days on market record low 24 days as inventories tight.
- Yun expects improvement in second half of 2019.

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