Sept US Home Sales: New & Resale

(1) Resale Homes
Resale fell 8% in Sept to record low of 5.04m units and inventory up by 0.4% to 4.4m units which equates to a 10.5mth supply. The national median price for single-family & condos dropped 4.2% (yr-to-yr) to US$211 700.

(2) New Homes
Unexpectedly, new home sales rose by 4.8% in Sept to 770k units, but still 23.3% lower than a yr ago. Median price had risen to US$238k, up by 2.5%.
The originally reported Aug figure was 795k units, but was later revised to 735k units, the slowest pace in 11yrs.