"Economics" US existing home sales fell to a five-month low in December
The National Association of Realtors (NAR) stated on Wednesday that the Pending Home Sales Index plummeted 9.3% in December to 71.8, the lowest level since July, while economists had originally predicted a growth of 0.4%. Contracts declined in all four regions. Sales of homes for sale decreased by 3% compared to the same period last year.
NAR Chief Economist Lawrence Yun noted that inventory levels in December were very low, with approximately 1.18 million existing homes on the market, consistent with the lowest inventory levels in 2025
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