2Q Resales Dip Slightly From Record

Total existing-home sales (including condominiums and co-operatives) fell only slightly in the second quarter from their record pace in the first quarter, registering a seasonally adjusted annual rate of 6.69 million units, according to the National Association of Realtors.The second-quarter resales rate was 5.8% higher than the 6.32 million rate of a year earlier, the NAR reported. The biggest year-over-year gains were recorded in Nevada, where the resale rate was up 24.6%; Alaska, up 20.9%; and Missouri, up 17.5%.

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