Existing home sales saw a 1.7% m/m drop in August, the third month in a row of falling sales. As has been the case for some time, a lack homes for sale was the cause of the drop. Despite a rise in the number of households who see now as a good time to sell, fewer are actually doing so, and inventory levels are continuing to decline.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services