Existing home sales for August from the National Association of Realtors

  • It's a 12-month low
  • Prior was 5.44m
  • Estimates ranged from 5.35m to 5.58m
  • Down 1.7% m/m compared to +0.2% exp
  • Prior was -1.3% m/m
  • Median price up 5.6% y/y

The National Association of Realtors said sales in the Houston area were down 25% year-over-year because of hurricane Harvey. Without the drop there, they would have been flat on the year.