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- US: Existing Home Sales fall by 2.7% in March to 5.77M, below expected 5.8M
US: Existing Home Sales fall by 2.7% in March to 5.77M, below expected 5.8M
The US Existing Homes Sales unit rate fell by 2.7% MoM in March, the latest data release by the National Association of Realtors revealed on Wednesday. That meant the 12-month rolling number of sales (the unit rate) fell to 5.77M in March, below the economist consensus for 5.8M, marking a decline from February's unit rate of 5.93M.
The median house price continued to rise and came in at $375.3K in March. The number of units available rose a little to 0.95M in March from 0.85M a month earlier.
Market Reaction
FX markets did not react to the latest broadly as expected US home price data.
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