US: Existing Home Sales decline by 1.5% in September

• Existing Home Sales in the US declined slightly less than expected in September
• US Dollar under pressure amid risk appetite.

Existing Home Sales in the US declined for the eighth straight month in September, after posting a 1.5% slide to a seasonally adjusted annual rate of 4.71 million, above the 4.70 million of market consensus. Sales were down 23.8% on a yearly basis, the National Association of Realtors (NAR) reported on Thursday.

“The median existing-home sales price increased to $384,800, up 8.4% from one year ago,” noted NAR in its publication. “The median existing-home sales price increased to $384,800, up 8.4% from one year ago.

Market reaction

The US dollar is falling on Thursday, amid risk appetite. The DXY drops by 0.53% an trades near daily lows at 112.30.