US Existing Home Sales Drop Sharply
Seasonally adjusted figures revealed that sales of previously owned homes decreased by 8.4% month-on-month, totaling 3.91 million units, falling short of market expectations of 4.16 million.
In contrast, December 2025 saw a 4.4% rise in existing home sales, reaching 4.27 million transactions.
On an annual comparison, sales of existing homes also dropped by 4.4% in January, highlighting a slowdown in the housing market.
Meanwhile, the median price for homes in the US resale market climbed 0.9% year-over-year in January, reaching $396,800.
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