Home sales in August remained below last year's pace for yet another month as prices inched higher, reported on September 16. The real estate company calculated an 8.2 percent drop
in
August transactions compared to a year ago. Out of the 52 metros
tracked in the firm's monthly report, only four posted higher sales on
an annual basis. Compared to July, August sales were down 6.6 percent.
Out of the last six months, four have seen sales climb above the
previous month's pace. Despite the currently slower environment, CEO Margaret Kelly is keeping a positive view on recent figures, noting that August sales were still more than 10 percent higher than in 2012 and 17.8 percent higher than in 2008, read more.
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