Click here to visit Tampa Bay Short Sales Online!
US home resales down 2.7 percent in August, ending four-month streak of improving numbers
The National Association of Realtors said Thursday that sales dropped 2.7 percent to a seasonally adjusted annual rate of 5.1 million in August, from a pace of 5.24 million in July. Sales had been expected to rise to an annual pace of 5.35 million.
The median sales price was $177,700, down 12.5 percent from $203,200 in the same month last year.
Inventory of unsold homes on the market fell to 3.6 million, from 4 million in July. That’s an 8.5 month supply at the current sales pace, and the lowest level in more than two years.
Tampa Bay Short Sales Blog 