Having fallen 2.2 percent from April to May, the pace of existing home sales in the U.S. fell another 5.1 percent to a 5.37 million annual rate in June, up 7.2 percent on a year over year basis versus 2.4 percent the month prior.
As Expected, Another Unexpected Decline For Existing Home Sales [SocketSite]
Purchases of U.S. Existing Homes Fell in June [Bloomberg]

One thought on “Existing U.S. Home Sales Pace Declines But With Year-Over-Year Gain”
  1. But existing home inventory increases 4.7% year over year. That’s the real stat here — not home sales numbers. You’re not going to make a dent in the housing market until inventory decreases.

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