U.S. Existing-Home Sales Drop 8.4 Percent
Posted on: Thursday, 25 January 2007, 12:00 CST
U.S. existing-home sales fell in December, closing a year marked by the biggest demand slump for existing homes in 17 years, a U.S. realty group said Thursday.
Sales fell 0.8 percent in December and 8.4 percent for the year, the National Association of Realtors said.
The yearly drop was the biggest since 1989, when existing-home sales fell 14.8 percent.
Even with the sales drop, the median price of an existing home rose 1.1 percent to $222,000 from $219,600 in 2005, the association said.
The median home price had risen 12.4 percent in 2005 from 2004.
Midwest home sales were the strongest in December, rising 4.3 percent. Western U.S. home sales were the weakest, falling 9.1 percent. Sales increased 0.8 percent in the South and fell 2.8 percent in the Northeast.
Source: United Press International
Related Articles
- Subaru of America, Inc. Reports Best October Ever With a 41-Percent Sales Gain
- Retail sales down in December
- U.S. auto sales plunged in December
- Ford Sales Fall in December, Full Year
- NTT DoCoMo Posts Falls in Operating Profit, Sales for April-December
- Pioneer Incurs Loss on Increased Sales in April-December
- SYSCO Reports 8.7 Percent Sales Growth in Second Quarter and Diluted EPS of $0.33
- Abbott Reports 17.5 Percent Sales Increase in the Second Quarter
- Retail Sales Climb in December on Autos
- Nokia 2Q net profit plunges by 28 percent, sales flat
 |
 |
User Comments (0)
RSS Feeds