The National Association of Realtors has released its existing home sales numbers for the month of August, including the latest median price for homes, coops and condos. Here's how the numbers look through the month of August.
Picture #1: The median price for homes, coops and condos decreased in August, continuing the trend that started in the Summer of 2006.
Picture #2: The August median price decreased by 9.5% from the median price in August of 2007, the largest decrease yet. August was the ninth straight month with a year-over-year decrease of more than 5%.
Picture #3: This past month represented the lowest median price for the month of August since August of 2004.
Adding it all up:Prices continue to trend lower, with the trend continuing to intensify over recent months.
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