US Existing Home Sales Decline In July

This morning’s release of the July Existing-Home Sales has showed that sales fell to a seasonally adjusted annual rate of 4.81 million units from the previous month’s 5.11 million. Expectations mentioned 4.89 million. The latest number represents a 5.9% decrease from the previous month and a 20.2% decrease YoY.

The National Association of Realtors said that Existing Home Sales in US fell for the sixth straight month in July. US Dollar Index holds above 107.00 despite the disappointing data.

Existing Home Sales in the US declined for the sixth straight month in July to a seasonally adjusted annual rate of 4.18 million, the National Association of Realtors reported on Thursday. Sales were down 5.9% and 20.2% on a monthly and yearly basis, respectively.

Further details of the report revealed that the median price for Existing Home Sales rose by 10.8% from one year ago to $403,800, down from $10,000 from last month’s record high of $413,800.

As for price action, with the initial reaction, the US Dollar Index edged slightly lower from the multi-week high it touched at 107.14 earlier in the day.