WASHINGTON--The market for existing single-family home sales fell in September as the nation reacted to the Sept. 11 terrorist attacks, according to the National Association of Realtors (NAR).
Existing-home sales dropped 11.7% to a seasonally adjusted annual rate of 4.89 million units in September from an upwardly revised pace of 5.54 million units in August, which was an all-time record. Last month's sales activity was 5.2% below the 5.16-million unit pace in September 2000.