Existing Home Sales Fell 2.2% In May

Existing home sales fell 2.2% to 5.66 million SAAR. Consensus was at 6.2 million. A big miss.

Total housing inventory is flat at 8.3 months cover.

Chart 1. Existing Home Sales

Source: NAR

This entry was posted on Tuesday, June 22nd, 2010 at 8:40 am and is filed under U.S. Housing. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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