Home-selling slump nears 17th down month

Home-selling slump nears 17th down month

Quite a week with updates from four leading measures of regional home prices! The latest data, the freshest reading of the bunch comes from DataQuick. The median selling price for all kinds of residences remains just above year-ago levels -- and 5 percent below June's peak of $642,500.

Activity remains sluggish.This will likely be the 17th straight month that shoppers bought less homes than the year-ago period. The last such streak longer than a year ran 15 months and ended in Dec. 1995. If the current pace of decline holds, last month will have been the slowest-selling February since 1995.

Posted by Jon Lansner at March 2, 2007 05:54 AM
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