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Being global and local allows us to understand and respond to regional dynamics by delivering tailored solutions that meet specific market needs while leveraging global expertise and resources. year to year organically as services revenue was down 8% in line with prior quarter, and resale declined 19%. Profit margin expanded almost 2.5
Our focus in the security business is to continue to leverage our expertise to enhance our GBS and GIS offerings while also focusing on accelerating growth of our stand-alone services. Modern Workplace organic revenue declined year to year in the mid-teens impacted by resale revenue, which was down 30%. If I missed it, I apologize.
We assembled a dedicated team that quickly implemented a recovery plan, leveraging our extensive experience with similar incidents. While resale revenues performed as expected, down 28% year over year, services revenue declined 8% helped by higher-than-anticipated in-quarter volumes. Moving to GIS. The book-to-bill ratio was 0.67
Tight inventory levels in the resale and new home market propelled demand for available new homes, and we offered a combination of attractive pricing and compelling mortgage rate programs to capture that demand. We can report that there is a great intensity in this team and more focus on innovation than ever before.
Thirdly, developers can benefit from advancement in mini games' infrastructure, leveraging our know-how and game technology. And we believe that the ad tech platform enhancements we've put in place, leveraging large neural network models have substantially improved the ROI of advertising on our platform.
And today, it's about taking market share from single families -- single-family market because it's so upside down on a cost to rent perspective and lack of inventory in the resale market. But there's still just a massive bid-ask spread between people who want to buy versus people who want to sell. Please go ahead.
And they found on average, when you have a crisis that originates in the finance sector due to too much leverage, too much speculation, on average markets get cut in half and real estate loses about 30% of its value. MILLER: And leveraging off of the technology, the platform for Instagram. RITHOLTZ: Wow.
Home closing gross margin for the quarter was 24.8%, which, combined with SG&A leverage of 9.9%, resulted in diluted EPS of $5.34. Overall, we do expect markets to return to a more balanced new home versus resale equilibrium in the future, with some of our submarkets already experiencing increased competition from existing home inventory.
This richer data fuels our ability to build even more powerful models. -- leveraging the revolutionary power of LLMs to better predict buyer preferences and understand their intent with unprecedented accuracy, which then leads to the core of the flywheel creating more personalized experiences like window shopping in a store curated just for you.
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