August Existing Home Sales Fall 0.7%

Existing home sales fell 0.7% in August to a seasonally adjusted annual rate of 4.04 million, according to the National Association of Realtors. Year-over-year, existing home sales were down 15.3%.

Regionally, existing home sales declined 2.6% in the West and 1.1% in the South month-over-month. Existing home sales grew 1.0% in the Midwest and were unchanged in the Northeast compared with July.

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