July 27, 2006
Home Sales Continue to Drop
Home prices may start to fall in the coming months, according to the National Association of Realtors, following a report that showed sales of existing homes fell in June and the number of homes listed for sale soared to the highest level since 1997.
Condo prices are already being hit, falling 2.1% from June last year to a median price of $226,900. Single-family homes edged up 1.1% in June to $231,500.
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