Just like last month, pending sales fell in the rest of the country, prompting headlines like “Home Sales Fell More Than Expected”. However, once again, sales were up in the West:
Sales slowed to an annual rate of 4.86 million, adjusted for seasonal variables. That follows a 2 percent increase in May. Total sales are 15.5 percent below their level in June 2007.
Only the West had higher sales, reporting a 1 percent increase. Sales declined 6.6 percent in the Northeast, 3.4 percent in the Midwest and 3.1 percent in the South