WASHINGTON — Existing home sales dropped 2.6% in June and jobless claims increased last week, according to data released today.
In June, there were 4.86 million existing homes sold, compared with 4.99 million in May, according to the National Association of Realtors. Sales of single-family homes fell 3.2% while condominium sales were up $1.7%. The median home price rose by 3.5% in June to $215,100, but that figure represented a 6.1% drop from June 2007.
Year-over-year sales declined 15%.
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