April 2007 Existing Home Sales Fall 2.6 Percent : The Real Estate Bloggers

April 2007 Existing Home Sales Fall 2.6 Percent

May 25th, 2007 • Related • Filed Under

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While this is not surprising, it explains some of the concern by real estate agents and brokers out there. Existing home sales dropped 2.6 percent for the month of April, 2007 as buyers stayed home.

The Northeast took the biggest hit losing 8.8 percent of it’s sales from the previous year. Sales in the West, South, and Midwest were tempered all down around 1 percent.

The National Association of Realtors reported Friday that sales of existing homes fell by 2.6 percent last month to a seasonally adjusted annual rate of 5.99 million units. That was the slowest sales pace since June 2003.
The median price of a home fell to $220,900, an 0.8 percent fall from the midpoint selling price a year ago. It marked the ninth straight decline in the median price.
Sales were weak in all parts of the country. The Northeast experienced the biggest decline, a fall of 8.8 percent in April from the March sales pace. Sales were down 1.7 percent in the West, 1.2 percent in the South and 0.7 percent in the Midwest. via Yahoo! Finance

Related posts:
  1. Existing Home Sales Drop 8.4 Percent Nationally in March 2007
  2. Existing home sales rise 2% in August, 2005
  3. Existing Homes Sales Slow - Northeast Hit Hardest
  4. Existing Single-Family Home Sales Drop 2.2 Percent In December - 13 Percent For Year
  5. Existing Home Sales Fall in November



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