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Wednesday, December 21, 2016

November 2016 US existing home sales 5.61m vs 5.50m exp

  • Prior 5.60m
  • Inventory 1.85m vs 2.010m prior, or 4.0 months worth vs 4.3m prior
  • Median prices $234,000 vs $232,000 y/y
6% of sales were distressed vs 5% prior.
Not a lot for the market to get its teeth into. The flat-ish price rise over last year confirms that house prices aren't running to the moon.

Steady as she goes.

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