A decline in sales of existing homes has been reported, with a notable drop in the annual pace. The National Association of Realtors released data showing a 2% decrease from the previous month. This marks the third consecutive monthly decline.
Compared to the same period last year, sales also decreased by 1.2%. Economists had expected a pace of around 4 million units, but the latest figure falls just short of that. Further information on this trend is available from the National Association of Realtors.
The data reflects challenges faced by home shoppers, including rising costs. Details of the sales trend can be found through the National Association of Realtors.
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