Slower Pace of Existing Home Sales
Dec 22, 2005
The pace of existing-home sales was the slowest in seven months, according to the National Association of Realtors.

Existing-home sales in October were:
2.7 percent decline from September 2005
3.7 percent higher than October 2004

Inventory of homes for sale in October was:
3.5 percent higher than September 2005
16.3 percent higher than October 2004

4.9 month supply in October
6.5 percent increase from September 2005
14 percent higher than October 2004

Existing-home sales fell in all four U.S. regions compared to September 2005:
1.12 million in the Northeast, a 7.4 percent decline
1.58 million in the Midwest, a 1.9 percent decrease
2.76 million in the South, a 1.8 percent decline
1.64 million in the West, a 1.2 percent dip

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-Dan Forbes