Wednesday, July 25, 2007

Existing Home Sales at a 5-Year Low

MarketWatch reports this morning that U.S. sales of existing homes fell 3.8% in June to a new low of 5.75 million, the lowest rate since November 2002. The National Association of Realtors publishes these numbers on a monthly basis. Also reprted are the median sales price of an existing home; up 0.3% to $230,100 since June of 2006. It's the first time in 11 months that median sales prices did not fall compared with a year ago.

Read more >>

No comments: