Ready, Fire, Aim! - Mihail's Public Blog: Home sales set record

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Tuesday, January 28, 2003

Home sales set record

Like automobiles, homes continue to enjoy enviable demand even as the rest of the economy falters according to this AP story on the New York Times site (registration required):

An estimated 5.56 million previously owned homes were sold in 2002, topping the record of 5.30 million reached in 2001, the association reported.

...The national median home price last year was $158,300, up 7.1 percent from 2001. The 7.1 percent increase was the largest annual increase since 1980, when the median sales price increased 11.7 percent.

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