WASHINGTON — The National Association of Realtors said that sales of existing home fell by 1% to 4.89 million units, making for a match with the all-time low slump set last January.
The drop in sales is now eight-months in a row, creating an available inventory not seen in recent history. That backlog likely means further price drops to spur sales, even as lending guidelines are constricting.
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
