WASHINGTON (July 20, 2011) – Existing-home sales eased in June as contract cancellations spiked unexpectedly, although prices were up slightly, according to the National Association of Realtors®.

Sales gains in the Midwest and South were offset by declines in the Northeast and West. Single-family home sales were stable while the condo sector weakened.

Total existing-home sales¹, which are completed transactions that include single-family, townhomes, condominiums and co-ops… Read More