Sales in the secondary housing market in the U.S. reduced the third consecutive month

Sales in the secondary housing market in the U.S. fell in February by 0,6% to 5,02 million units, being at their lowest level in eight months.

Falling sales of previously constructed homes has continued for the third consecutive month, after steady growth that was observed throughout last fall. Note that while growth has contributed to a federal program to provide grants for home buyers. The program was then restarted, and its terms, have spread even to repeat buyers, but so far these measures have not impacted positively on sales.

The average price in the secondary housing market in the U.S. is $ 165.1 thousand, which is 1,8% lower than in the corresponding period last year.