• Existing home sales fell -1.2% to 4.97 million, expectations called for a drop of -0.8% to 5 million.  On a y/y basis, sales have dropped -18.7%.

§         Single family sales were flat, condo sales were down -9.1%
§         There is 10.8 months of supply in the market, which is a 22 year high, up from 10.4 months in September
§         Median sale price is down -5.1% y/y
      Total Sales                          Median Price
m/m                 y/y                   m/m                 y/y
§         Total                -1.2%              -18.7%              -1.2%              -5.1%
§         Northeast          0.0%                -12.6%             -0.8%              1.3%
§         Midwest            -1.7%              -14.9%              -1.2%              -1.6%
§         South               0.0%                -17.1%             -1.6%              -6.7%