Technical Analysis

US existing home sales for December 4.02M vs 3.96M estimate

  • Existing home sales for December
Greg Michalowski

  • Existing home sales 4.02M va 3.96M estimate
  • Prior month 4.08M vs 4.09M previously reported.
  • Sales are down -1.5% MoM
  • 11th straight month decline
  • Supply at 2.9 months with a more balanced market being 4.6 months
  • Median sale price $366,900 that is up 2.3% from December 2021
  • 2022 existing home sales 5.03M units -17.8% from 2021 (6.12M units)

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