Existing Home Sales Plummet By Young Research - August 24, 2010 Existing home sales plummeted 27% in July to a new 15-year low. Existing home sales have now entered double-dip territory. At the current rate of sales, there is a surplus of more than 12 months of existing home supplyโa 28 year high. Share this: Email a link to a friend (Opens in new window) Email Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook RELATED ARTICLESMORE FROM AUTHOR US ExistingโHome Sales Rebound 1.7% in February US Existing-Home Sales Drop 8.4% in January 2026 Turkey’s Economy Tumbles into a Recession