A report release today show the continue decline of the housing market. The report claims that sales of existing home fell 8% in September. The 8% decline was significantly greater then the 4.5% decline that was predicted. As a direct result of this market weakness, median housing prices also dropped 4.2% to $211,700.
Here’s the decline breakdown by region of the country: sales were down 10% in the Northeast, 9.9% in the West, 7% in the Midwest and 6% in the South.
