Still, pending sales remained exactly the same as last month, boding well for a better September. The volume decline in homes priced less than $400,000 was a modest 10%.
It was not a good month for condominium sales as well, which saw a four-month rally come to an end. Volume fell 51% from July and 45% from a year ago. But condo pending sales were up 29% for the month, perhaps, like single-family numbers, signaling a September rebound.