September US Existing Home Sales Surprise! 6.29M Home Sold SAAR, Median Price Drops Like A Rock

It was a surprise to see 6.29 million home sold SAAR in September. That is a 7% MoM growth rate.

The median price of existing home sales GROWTH slowed to 15.85% YoY (it was over 24% for the last two months).

And INVENTORY of existing homes for sale remains MIA.

Perhaps President Biden can issue an executive order forcing households to place their homes up for sale if they refuse to get vaccinated for Covid. /sarc

Other than insanely high prices for existing homes and the utter lack of available inventory, the September EHS report is a shining star.

Source: https://confoundedinterest.net/2021/10/21/september-us-existing-home-sales-surprise-6-29m-home-sold-saar-median-price-drops-like-a-rock-inventory-still-mia/