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15:00 - Dados States
10:00 AM ET, Jun 25, 2007 - 1 minute ago
U.S. May existing-home median price down 2.1% y-o-y
U.S. May existing-home inventories 8.9-month supply
U.S. May existing-home inventories up 5% to 4.43M
U.S. May existing-home inventory highest in 15 years
U.S. May existing-home sales fall 0.3% to 5.99M pace
By Rex Nutting Last Update: 10:00 AM ET Jun 25, 2007
WASHINGTON (MarketWatch) - The inventory of previously owned homes for sale in May rose to the highest level in relation to sales in 15 years, a real estate trade group said Monday. Sales of existing homes fell 0.3% in May to a seasonally adjusted annual rate of 5.99 million from 6.01 million in April, the National Association of Realtors reported. Sales were stronger than the 5.90 million pace expected by economists surveyed by MarketWatch. nventories of homes on the market rose by 5% to a record 4.43 million, representing an 8.9-month supply at the May sales pace. That's the biggest overhang of inventory since June 1992, at the tail end of the last housing bust. The median price of a home sold in May was $223,700, down 2.1% compared with May 2006.
U.S. May existing-home median price down 2.1% y-o-y
U.S. May existing-home inventories 8.9-month supply
U.S. May existing-home inventories up 5% to 4.43M
U.S. May existing-home inventory highest in 15 years
U.S. May existing-home sales fall 0.3% to 5.99M pace
By Rex Nutting Last Update: 10:00 AM ET Jun 25, 2007
WASHINGTON (MarketWatch) - The inventory of previously owned homes for sale in May rose to the highest level in relation to sales in 15 years, a real estate trade group said Monday. Sales of existing homes fell 0.3% in May to a seasonally adjusted annual rate of 5.99 million from 6.01 million in April, the National Association of Realtors reported. Sales were stronger than the 5.90 million pace expected by economists surveyed by MarketWatch. nventories of homes on the market rose by 5% to a record 4.43 million, representing an 8.9-month supply at the May sales pace. That's the biggest overhang of inventory since June 1992, at the tail end of the last housing bust. The median price of a home sold in May was $223,700, down 2.1% compared with May 2006.
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