Existing home sales fell in August, Realtors group reports

The L.A. Times reports:

Median prices -- the point at which half of the homes sold for less and half for more -- fell 9.5 percent from a year ago to $203,100, the largest price decline on records dating to 1999. Sales were 10.7 percent below last year's levels.

A few years ago,the National Association of Realtors that it was a good time to buy.