Existing Home Sales Decline Slightly

Posted To: MND NewsWire

U.S. APRIL EXISTING HOME SALES 5.57 MLN UNIT RATE (CONSENSUS 5.65 MLN), VS MARCH 5.70 MLN (PREV 5.71 MLN)-NAR U.S. APRIL EXISTING HOME SALES -2.3 PCT VS MARCH +4.2 PCT (PREV +4.4 PCT)-NAR U.S. APRIL INVENTORY OF HOMES FOR SALE 1.93 MLN UNITS, 4.2 MONTHS' WORTH U.S. APRIL NATIONAL MEDIAN HOME PRICE FOR EXISTING HOMES $244,800, +6.0 PCT FROM APRIL 2016 NAR SAYS 5 PCT OF U.S. APRIL EXISTING HOME SALES WERE DISTRESSED VERSUS 6 PCT IN MARCH, 7 PCT IN APRIL 2016 Existing home sales fell to an annual pace of 5.57 million units in April, falling just short of the 5.65 million unit median forecast. More to follow......(read more)

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