Existing-home sales fell in August, according to the National Association of Realtors. Three out of four major U.S. regions posted sales declines while the Midwest registered no change. Year-over-year, sales slipped in three regions but remained stable in the Northeast.
Total existing home sales — completed transactions that include single-family homes, townhomes, condominiums and co-ops — descended 2.5 percent from July to a seasonally adjusted annual rate of 3.86 million in August. Year-over-year, sales retracted 4.2 percent (down from 4.03 million in August 2023).
“Home sales were disappointing again in August, but the recent development of Please log in to see the rest of this story.
