{"id":431771,"date":"2026-06-09T21:40:08","date_gmt":"2026-06-09T14:40:08","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/us-may-existing-home-sales-4-17m-vs-4-07m-expected\/"},"modified":"2026-06-09T21:40:08","modified_gmt":"2026-06-09T14:40:08","slug":"us-may-existing-home-sales-4-17m-vs-4-07m-expected","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/us-may-existing-home-sales-4-17m-vs-4-07m-expected\/","title":{"rendered":"US May existing home sales 4.17m vs 4.07m expected"},"content":{"rendered":"<div>\n<ul>\n<li>Prior was 4.02m (revised to 4.04m)<\/li>\n<li>Sales +3.2% vs +0.2% prior<\/li>\n<li>Median sale prices +1.3% to $429,300.<\/li>\n<li>4.5 months of supply, unchanged vs April<\/li>\n<\/ul>\n<p>\u201cMore Americans are on the move, with home sales rising to the highest<br \/>\nlevel since December. This is great news for the housing market and the<br \/>\neconomy,\u201d said NAR Chief Economist Lawrence Yun. \u201cImproving<br \/>\naffordability is helping drive this momentum. Even with mortgage rates<br \/>\nticking up compared to earlier in the year, they remain lower than a<br \/>\nyear ago and are essentially at the long-term historical average. Income<br \/>\n gains are also outpacing home price growth by a small margin in most<br \/>\nparts of the country.\u201d<\/p>\n<p>Yun continued, \u201cThe new record-high May home price reflects solid fundamentals for homeowners and ongoing supply constraints.\u201d<\/p>\n<p>There is some regional variance that underscored by the y\/y numbers:<\/p>\n<ul>\n<li>Northeast -8.0% y\/y<\/li>\n<li>Midwest +2.0% y\/y<\/li>\n<li>South +5.9% y\/y<\/li>\n<li>West +5.6% y\/y<\/li>\n<\/ul>\n<p>I think that reflects the high initial prices in the Northeast combined with the steady stream of Boomer retiring in warmer climates.<\/p>\n<p>Separately, the wholesale inventories report:<\/p>\n<ul>\n<li>Wholesale inventories +0.6% vs +0.5% expected<\/li>\n<li>Wholesale sales +2.0% vs +2.4% expected<\/li>\n<\/ul>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior was 4.02m (revised to 4.04m) Sales +3.2% vs +0.2% prior Median sale prices +1.3% to $429,300. 4.5 months of supply, unchanged vs April \u201cMore Americans are on the move, with home sales rising to the highest level since December. This is great news for the housing market and the economy,\u201d said NAR Chief Economist [&hellip;]<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-431771","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/431771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=431771"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/431771\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=431771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=431771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=431771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}