U.S. existing home sales fell 1.7% month-over-month in July to a seasonally adjusted annual rate of 4.06 million units, slightly above market expectations of 4.05 million units. According to data from the National Association of Realtors (NAR), the median existing home price in July rose 2% year-over-year to $434,100. Housing inventory reached 1.54 million units, equivalent to a 4.6-month supply.