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- US: Existing Home Sales decline 3.3% in June
US: Existing Home Sales decline 3.3% in June
- Existing Home Sales in the US declined in June following May's modest increase.
- US Dollar Index clings to daily recovery gains near 100.50.
Existing Home Sales in the US declined 3.3% in June to an adjusted annual rate of 4.16 million, the National Association of Realtors (NAR) reported on Thursday. This reading followed the 0.2% increase recorded in May.
"At $410,200, the median existing-home sales price for June was the second-highest price ever recorded – since January 1999 when NAR began tracking the data – and 0.9% less than the all-time high from one year ago of $413,800," the NAR further noted in its press release.
Market reaction
The US Dollar Index preserves its recovery momentum after this report and was last seen rising 0.23% on the day at 100.51.
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