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From Mortgage News Daily:

Existing-home sales including single family residences, condominiums, townhomes, and co-ops continued to move downward in January, as did their median prices according to the monthly survey released on Monday by the National Association of Realtors.

Preliminary January figures indicate that existing homes sold at a seasonally adjusted annual rate of 4,890,000 units, down 0.4 percent from the upwardly revised December figure of 4,910,000. The January figure was 23.4 percent below the 6,380,000 sales pace in January of 2007.

http://www.mortgagenewsdaily.com/2252008_Existing_Home_Sales.asp

 

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