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10:01am 03/23/05 JAN. EXISTING HOME SALES UP REV. 0.1% VS FALL 0.1% PREV
10:00am 03/23/05 U.S. FEB. EXISTING HOME SALES DOWN 0.4% TO 6.79 MLN
U.S. Feb. existing home sales down 0.4% to 6.79 mln
WASHINGTON (MarketWatch) -- U.S. existing home sales fell 0.4 percent to a seasonally adjusted annual rate of 6.79 million units in February, the National Association of Realtors said Wednesday.
Economists were expecting a decline to about 6.69 million.
The median sales price rose 11.0 percent year-over-year to $191,000.
Sales in January were revised to an increase of 0.1 percent to 6.82 million units, stronger than the initial estimate of a 0.1 percent fall to 6.80 million.
Inventories rose 10.7 percent to 2.38 million units, which represents a 4.2-month supply.
This is up from a record low 3.8-month supply in Jan.
10:00am 03/23/05 U.S. FEB. EXISTING HOME SALES DOWN 0.4% TO 6.79 MLN
U.S. Feb. existing home sales down 0.4% to 6.79 mln
WASHINGTON (MarketWatch) -- U.S. existing home sales fell 0.4 percent to a seasonally adjusted annual rate of 6.79 million units in February, the National Association of Realtors said Wednesday.
Economists were expecting a decline to about 6.69 million.
The median sales price rose 11.0 percent year-over-year to $191,000.
Sales in January were revised to an increase of 0.1 percent to 6.82 million units, stronger than the initial estimate of a 0.1 percent fall to 6.80 million.
Inventories rose 10.7 percent to 2.38 million units, which represents a 4.2-month supply.
This is up from a record low 3.8-month supply in Jan.
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