The National Association of Realtors reported existing home sales fell 27.2% to 3.8 million in July, from 5.3 million in June, while existing single-family home sales fell 27.1% to 3.4 million, the lowest level since 1995.

FORBES: July Slump Paints Ugly Picture For Home Sales

Existing home sales entail completed sales of single-family homes, condos, townhomes and co-ops.

FORBES: Housing Recovery Continues To Take Shape Despite Superstorm Sandy And Looming Fiscal Cliff

Existing-home sales, or completed residential real estate transactions for properties including single-family homes, townhouses, condos and co-ops, showed a renewed decline last month.

FORBES: Existing-Home Sales Fall Again, According To National Association Of Realtors