Industry NewsMarkets & Economy

Resale home price plummets 17% in West

Supply of existing homes for sale hits highest level since '85
Published on May 23, 2008

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by CareyBot

The supply of resale condos, co-ops, townhouses and single-family homes mushroomed to 11.2 months in April and prices dropped 8 percent year-over-year, the National Association of Realtors reported today. A supply greater than six months is generally indicative of a ...