Nationwide existing-home sales moved lower in August, according to the National Association of Realtors (NAR). Among the four major U.S. regions, sales improved in the Midwest, were unchanged in the Northeast, and slipped in the South and West. All four regions recorded year-over-year sales declines.
Total existing-home sales — completed transactions that include single-family homes, townhomes, condominiums and co-ops — slid 0.7 percent from July to a seasonally adjusted annual rate of 4.04 million in August. Year-over-year, sales fell 15.3 percent, down from 4.77 million in August 2022.
“Home sales have been stable for several months, neither rising nor falling in any Please log in to see the rest of this story.
