Jim Letizia has the numbers that were released on Wednesday.
The National Association of Realtors says existing home sales in July fell by seven-tenths of a percentage point from June to a seasonally adjusted annual rate of 5.34 million. It was the fourth consecutive monthly decline. Industry analysts say the market is hurt by a widening wealth gap, as inventories of lower-priced homes remain tight. Sales of single-family homes worth more than 500 thousand dollars have risen in the past year. But homes priced between 100 and 250 thousand dollars - a level the middle class can afford - have barely budged. The Ohio Association of Realtors says existing home sales rose by 1.9 percent from June to a seasonally adjusted annual rate of more than 149 thousand. The Columbus Realtors trade association says more than 32 hundred homes were sold in its mutli-county region in July, down 3.8 percent from June.