Existing-home sales had a rough 2006 fourth quarter according to figures released Thursday by the National Association of Realtors.
Total existing-home sales including single-family houses, condos, townhouses, and coops were at a seasonally adjusted annual rate of 6.24 million units during the quarter. This is 10.1 percent off the pace of sales in the fourth quarter of 2005.
The downturn was wide-spread, affecting 40 states. Six states showed an increase of sales year-over-year, one state was unchanged, and sufficient data was not lacking from three other states.
Indiana had the biggest sales increase; existing homes sold at a pace 13.7 percent above the last quarter of 2005. Second was Arkansas which showed an 11.1 percent improvement and Texas, with sales running 6.22 percent ahead of one year ago was third.
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