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Sales of existing homes in the US fall 4.1% in October

  • US existing home sales continued to decline in October.
  • The DXY Dollar Index remains in negative territory below 103.40.

US existing home sales fell 4.1% in October to a seasonally adjusted annual rate of 3.79 million, below the market consensus of 3.9 million.

“The median sales price of existing homes rose 3.4% from a year ago to $391,800, marking the fourth consecutive month of year-over-year price increases,” the report states.

The inventory of unsold existing homes rose 1.8% from September to 1.15 million in October, “or the equivalent of 3.6 months of supply at the current pace of monthly sales.”

Market Reaction

The DXY Dollar Index falls for the third consecutive day and trades below 103.40, its lowest level since August.

Source: Fx Street

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