New & Existing Home Sales Remain Down Nationwide

Existing Home Sales for May have been announced by the National Association of Realtors. "Existing homes" for this sales data mean detached houses, condos, and attached/townhouses.According to NAR: Sales rose 2.4% from April, which is to be seasonally expected. Sales declined YOY from May 2008 by 3.2%. National existing months of supply hovers at 9.6%, and the national median price was