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JRE - Existing-Home Sales Rose And Inventory Fell In September
Janus Henderson U.S. Real Estate ETF
Sales of existing homes jumped 7.0 percent in September, to a 6.29 million seasonally adjusted annual rate.
The median sale price in September of an existing home was $352,800, 13.3 percent above the year ago price.
Total inventory of existing homes for sale fell in September, declining 0.8 percent to 1.27 million, leaving the months’ supply (inventory times 12 divided by the annual selling rate) at 2.4 versus 2.6 in August.