Existing Home Sales
Existing Home Sales
About This Event
The number of existing home sales for May will be released.
Previous: 4.29M
Forecast: 4.25M
Existing home sales measures the change in the annulized number of existing residential buildings that were sold. This is a key indicator of the strength of the housing market. Higher than expected existing home sales is bullish, while lower than expected existing home sales is bearish.
Existing home sales in the US, which include completed transactions of single-family homes, townhomes, condominiums, and co-ops, fell 3.3% to a seasonally adjusted annualized rate of 4.16 million units in June of 2023, the lowest level in five months, and compared to forecasts of 4.2 million. Sales declined in the South (-5.4% and the West (-5.1%), hold steady in the Midwest and rose 2% in the Northeast. Total housing inventory was 1.08 million units, identical to May but down 13.6% from one year ago. "There are simply not enough homes for sale. The market can easily absorb a doubling of inventory", NAR Chief Economist Lawrence Yun said. Meanwhile, the median existing-home price for all housing types in June was $410,200, the second-highest price ever, compared to a record of nearly $414,000 in June last year. source: National Association of Realtors
Why This Event Matters
Economic releases such as Existing Home Sales are widely followed because they can shape expectations for growth, inflation, and monetary policy. Traders and investors often use these data points when assessing interest-rate outlooks, Treasury yields, and sector rotation themes. The scheduled timing is June 22, 2023 (America/New_York), subject to source updates.
Source summary: The number of existing home sales for May will be released.
Previous: 4.29M Forecast: 4.25M
Existing home sales measures the change in the annulized number of existing residential buildings that were sold. This is a key indicator of the strength of the housing market. Higher than expected existing home sales is bullish, while lower than expected existing home sales is bearish.
Existing home...
This listing is associated with SPY. Market participants may watch these names around the event window for volatility or news flow.
Frequently Asked Questions
- What is Existing Home Sales?
- It is a stock market catalyst entry on Catacal—an event or release investors and traders may monitor. Details are summarized from the cited source and may be updated over time.
- When is Existing Home Sales?
- The calendar shows Jun 22, 2023 (America/New_York). Verify the exact time and any changes using the source link when planning around the event.
- Why does Existing Home Sales matter for investors?
- Macro releases can influence rate expectations, yields, and sector leadership. Market participants often reassess positioning after the data.
- Which stocks or sectors could be affected?
- Symbols linked to this listing include SPY; other names in the same industry group may also move with related news.
- How is this event categorized?
- Catacal groups this entry under "Economic Data" for navigation. Categories help you find comparable catalysts and build a week-by-week watchlist.
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