The pace of home sales reached its 2nd highest rate
of 2014 in August, but was slightly slower than the previous month and remains below 2013 levels. Prices also saw a slight decline in August, reflective of the general slowing in the market; however, prices continue to post year over year gains, but slower pace than earlier in the year.
Bottomline the market is shifting to a buyer's market with more homes in the market. Watch the brief clip below for a complete report.