Free Trial

MNI BRIEF: US May Existing Home Sales Pace Falls 0.7% To 4.11M

U.S. sales of existing homes slipped 0.7% to a seasonally adjusted annual rate of 4.11 million in May, the National Association of Realtors said Friday, in line with market expectations. Sales have declined 2.8% from last year.

The national median home price was up 5.8% over the last year to USD419,300, the highest on record and the eleventh consecutive month of annual gains. The existing home price jumped 3.1% from the previous month.

Keep reading...Show less
136 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

U.S. sales of existing homes slipped 0.7% to a seasonally adjusted annual rate of 4.11 million in May, the National Association of Realtors said Friday, in line with market expectations. Sales have declined 2.8% from last year.

The national median home price was up 5.8% over the last year to USD419,300, the highest on record and the eleventh consecutive month of annual gains. The existing home price jumped 3.1% from the previous month.

Keep reading...Show less