Median Home Price $163,200: Drops 5.4% from a Year Ago

Zacks Investment Research reports:

Sales of single family homes fell by 0.5% on the month to a rate of 4.42 million, and are off 12.6% year over year. The median price of a single family home nationwide slipped 5.4% from a year ago to $163,200.

Condo and co-op sales fell 3.1% on the month, and are down 15.0% year over year. The median Condo price fell 2.3% from a year ago to $167.3.