U.S. EXISTING HOME SALES BEAT EXPECTATIONS AS PRICES HIT SEPTEMBER RECORD

U.S. EXISTING HOME SALES ROSE 1.5% IN SEPTEMBER TO AN ANNUALIZED 3.99 MILLION UNITS, BEATING EXPECTATIONS OF 3.95 MILLION.

KEY FIGURES:

SALES: 3.99M VS. 3.95M EXPECTED
MONTHLY CHANGE: +1.5% VS. -3.2% IN AUGUST
MEDIAN HOME PRICE: $417,500 (+1.3% YOY)
INVENTORY: 1.60M HOMES, HIGHEST SINCE NOVEMBER 2019

HOME PRICES REACHED A RECORD HIGH FOR SEPTEMBER DESPITE IMPROVING INVENTORY.

*US SEPT EXISTING HOME SALES 3.99M; EST. 3.95M

*US SEPT EXISTING HOME SALES +1.5% M/M; AUG -3.2%

*US AUG EXISTING HOME SALES REVISED TO 3.93M FROM 3.98M

*US SEPT EXISTING HOME MEDIAN PRICE +1.3% Y/Y TO $417,500

*US SEPT HOME INVENTORY 1.60M UNITS; 4.8 MONTHS' SUPPLY

*US SEPT MEDIAN HOME PRICE RECORD HIGH FOR MONTH: NAR

*US HOME INVENTORY HIGHEST SINCE NOV 2019: NAR - *WALTER BLOOMBERG ...