Sales of existing single-family homes jumped in December to a seasonally adjusted annual rate of 5,860,000, third highest ever, the National Assn. of Realtors announced.
Sales of existing single-family homes jumped in December to a seasonally adjusted annual rate of 5.86 million, third highest ever, the National Assn. of Realtors announced. The figure was up 5 percent from November's upwardly revised number and a whopping 13 percent from the December 2001 pace.
For all of 2002, sales reached a record of 5,563,000, 5 percent above the 2001 total. The median sales price rose by 7 percent from 2001 to 2002 for both the month and the year as a whole.