May 16, 2024

Sales of existing homes fell for a sixth consecutive month in September and the median sales price dropped by a record amount.

The National Association of Realtors reported Wednesday that home sales fell by 1.9 percent in September to the slowest pace since January 2004.

The national median price of a single-family home fell 2.5 percent from the price in September 2005. That was the biggest year-over-year price decline in records going back nearly four decades. Home prices had also fallen in August and it marked the first back-to-back declines in 16 years.   La Jolla real estate

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