March 2005 Market Pulse
March 2005 Market Pulse
Conditions for home sales, already solid, will get better and will stay high in the months ahead. Confidence in what traffic will look like for both buyers and sellers continues to rise. A big leap in buyer traffic confidence suggests demand is expected to stay strong.
Source: NAR Research
Existing-home Sales
Annual sales set record Existing single- family home sales surged in 2004 to well above the record set in 2003, despite a decline in December from November’s record 6.92 million unit* pace. There were 6,675,000 existing-home sales in 2004.
* Revised from figure reported in February 2005 issue.
† Actual rate of sales for the month, multiplied by 12 and adjusted for seasonal sales differences.
Source: NAR Research
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