by Calculated Risk on 9/24/2008 10:43:00 AM

Here is a look at Not Seasonally Adjusted existing home sales:

Click on graph for larger image in new window.

This graph shows Not Seasonally Adjusted (NSA) existing home sales for 2005 through 2008. Sales are lower in August 2008 compared to the previous three years.

NSA sales were reported at 489 thousand in August, about 15% less than August 2007. Usually NSA sales in August are higher than July, but not this year.

There have been 3.38 million sales so far in 2008, and sales are currently on pace for about 4.9 million total this year.