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Houston and surrounding areas are experiencing a decline in the pace of existing home sales.

The Houston Association of Realtors is reporting 5,183 residential properties were sold in July 2000, down 7.4% from July 1999. For the year, existing home sales in Houston are outpacing last year’s totals. Through July 32,769 properties were sold, up from 32,534 in the similar period of 1999.

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