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Home Sales Slowest on Record; Prices Fall

October 24th, 2007 · No Comments

Existing home sales fell 8% in September, according to the latest survey by the National Association of Realtors.  This was bigger than the 4.5% decline that was expected and the slowest pace on record.

Prices also fell.  The median price fell 4.2% from last year to $211,700.  Sales prices have decreased in 13 of the last 14 months.

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Tags: Housing Market

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