Report: Existing-home sales drop 2.6 percent last month

Sales of existing homes fell 2.6 percent last month and brought the supply of unsold houses to its second highest level in 24 years, according to a National Association of Realtors report Thursday.

The depressed June numbers, which followed a brief rebound inMay, brought sales of existing homes down 15.5 percent from where they were in June 2007 and to a 10-year low. The median home sale price dropped 6.1 percent from a year ago.