August’s US Existing Home Sales Retreat By 0.4%

Existing Home Sales in the United States have declined for the seventh successive month in August to a seasonally adjusted annual rate of 4.8 million.

The National Association of Realtors reported on Thursday that “sales were down 0.4% and 19.9% on a monthly and yearly basis, respectively”.

“The median existing-home sales price rose 7.7% from one year ago to $389,500,” the NAR further noted in its publication.

This data does not have an immediate impact on the dollar’s performance against its major rival currencies. At the time of writing, the US Dollar Index is up 0.57% on the day at 110.85.