A real estate agent shows prospective home buyers the backyard of a house for sale in Dunlap, Illinois, U.S., on Sunday, Aug. 19, 2018. Photographer: Daniel Acker/Bloomberg

An index measuring contracts to buy previously-owned U.S. homes unexpectedly declined in July, signaling that buyers are balking at higher prices and a lack of choices in some regions, according to data released Wednesday from the National Association of Realtors in Washington.

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