Thursday, August 12, 2004

National Association of Realtors® reports on second quarter home sales

The National Association of Realtors® reports that homes sales reached "... the highest pace on record in the second quarter..." In addition, "Sales rose by double-digit rates in 34 states and the District of Columbia compared to the same quarter in 2003, and no state recorded a decline. Complete data for two states was not available."

"The NAR survey showed that nationwide, the seasonally adjusted annual rate of existing single-family, apartment condominium and co-operative home sales totaled 7.79 million units in the second quarter, up 16.0 percent from the 6.72 million-unit pace in the second quarter of 2003. The previous record was a sales rate of 7.36 million in the third quarter of 2003."

To read the complete article, go here.

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