Real Estate: Overall Sales Down, But 20 States Show Increase
New U.S. Real Estate Statistics Released.
Existing-home sales, including single-family houses and condos, were down in the second quarter compared with the record set in the same period in 2005, according to the National Association of Realtors
Despite the overall decline, 20 states showed increases in sales activity from the year earlier period.
The quarterly report on total state existing-home sales shows the seasonally adjusted annual rate was 6.69 million units in the second quarter, down 7 percent from the record 7.19 million-unit level in the second quarter of 2005.
The biggest increase was in Alaska, where existing-home sales rose 48.6 percent from the second quarter of 2005. In Arkansas, the second-quarter resale pace rose 17.9 percent from a year earlier, while Texas experienced the third-strongest gain, up 11.3 percent. Twenty-eight states and the District of Columbia experienced declines. Complete data for two states was not available.
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