Existing Home Sales Up to 6.75M Rate

Newman, Emily
October 2004
Bond Buyer;10/26/2004, Vol. 350 Issue 31997, p2
Trade Publication
The article reports that existing home sales rose 3.1 % in September to a seasonally adjusted annual rate of 6.75 million units. The September sales rate, the third highest pace on record, follows August's unrevised level of 6.55 million units. The increase came as the average 30-year mortgage rate was 5.75% in September, down from 5.87% in August. The supply of homes on the market fell to 4.4 months. The average price of a home decreased to $237,300 from August's $239,900 level. The median price of a home was $186,600, down from August's $188,800.


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