Homes sales slip nationwide - a sign of the times to come?
The National Association of Realtors® reports that February 2005 sales remain strong, but the numbers have slowed down. NAR's economist goes on record as stating that he feels this may be a sign of a turn in the market from a seller's market to a more balanced market.
"Total existing-home sales, including single-family, townhomes, condominiums and co-ops, were down 0.4 percent in February to a seasonally adjusted annual rate* of 6.79 million from an upwardly revised pace of 6.82 million in January. Last month's sales activity was 6.1 percent above the 6.40 million-unit pace in February 2004."
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