Friday, November 05, 2004

National Association of Realtors® (NAR) reports strong condo sales

The NAR reports that condo sales remain strong, and are possibly headed toward a 9th record year! The NAR states "The median existing condo price was $197,000 in the third quarter, which is 18.0 percent higher than the same quarter in 2003. The median is a typical market price where half of the units sold for more and half sold for less. By comparison, the median-priced existing single-family home was $188,500 in the third quarter, up 7.7 percent from a year ago."

To read the entire article, go here.

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