Total state existing-home sales activity in the third quarter was the highest on record, with 48 states and
the District of Columbia posting increases from a year ago, according to the
National Association of Realtors (NAR).
The NAR survey showed that nationwide, the seasonally adjusted annual rate of existing single-family, apartment condominium and co-operative home sales totaled 7.4 million units in the third quarter of this year, up
18.7 percent from a 6.23 million-unit pace in the third quarter of 2002. The
previous record was an annual sales rate of 6.70 million recorded in the first quarter of this year; NAR began tracking state home sales in 1981.