Existing Home Sales Up for 2003

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David Lereah, the National Association of Realtor’s chief economist, said final figures for existing-home sales will total almost 6.07 million in 2003, up 9.1 percent from the previous record of 5.57 million in 2002.

“Existing-home sales should come in at about 5.85 million in 2004, still the second-best on record,” he said. “We’ll see a similar pattern this year for new homes with 1.01 million sales, off from a record of about 1.08 million for 2003.”

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