The national real estate market continued its slide, as existing U.S. home sales fell to a 10-year low in the second quarter and the median price for a single-family house dropped 7.6 percent, Bloomberg reported August 14, 2008.
The data comes from the National Association of REALTORS® (NAR).
"The median price tumbled to $206,500 from $223,500 a year earlier ... Sales of single-family houses and condominiums fell 16 percent to 4.913 million at an annualized pace."
California and Florida are in free fall. The biggest declines reported nationally were in
Sacramento, the capital of California, with a 36 percent drop,
followed by the metropolitan area around Cape Coral and Ft.
Myers, Florida, down 33 percent.
Read The Bloomberg Article
State-by-state Data From NAR
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