Industry News

June existing home sales down 11.4% to 2002 levels

With slower sales pace, inventory remains at 8.8 months
Published on Jul 25, 2007

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by CareyBot

Sales of existing homes fell 11.4 percent in June compared to a year ago, to a seasonally adjusted annual rate of 5.75 million homes, the National Association of Realtors reported today. The last time home sales dipped below that pace ...