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US – May Existing Home Sales
22/06/2022 09:40 am MYT
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Existing home sales in May fell by 3.4% month-on-month and 8.6% year-on-year, to a seasonally adjusted annual rate (SAAR) of 5.41 mln units (figure 1).


Month-on-month, the sales of single-family homes fell by 3.6%, while that of condominium and co-op homes were down by 1.6%. Year-on-year, the sales of single-family homes fell by 7.7% while condominium and co-op homes rose by 14.8%.

Total housing inventory rose from the previous month to 1,160,000 units, which represents a supply of 2.6 months at the current sales pace. Meanwhile, the median price of existing homes registered consecutive year-on-year growth for the 123nd month, climbing 14.8% to US$407,600.



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