Monday, October 25, 2004

National Association of Realtors (N.A.R.) reports September home sales up!

Attributing the rise in home sales to favorable interest rates, the N.A.R. reports "Existing-home sales rose 3.1 percent to a seasonally adjusted annual rate of 6.75 million units in September from a pace of 6.55 million units in August. Last month's sales activity was 1.0 percent above the 6.68-million unit pace in September 2003 and is the third-highest pace on record."

And what about the price of homes? The same article reports that "The national median existing-home price was $186,600 in September, up 8.6 percent from September 2003 when the median price was $171,800. The median is a typical market price where half of the homes sold for more and half sold for less."

The West saw the stongest activity.

To read the online article, go here.

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