New Home SalesCENSUS
973K
U.S. Housing Market · 2002
U.S. Housing Market in 2002
Existing SalesNAR
5.63M
Median PriceNAR
$158,100
30Y MortgagePMMS
6.54%
In 2002, the U.S. housing market recorded existing-home sales averaged 5.63 million, new-construction sales of 973K, and a 30-year fixed mortgage rate of 6.54%.
Existing-home sales rose 5.4% from 2001. the median existing-home price rose 7.0% to $158,100. the 30-year fixed mortgage fell 0.43 percentage points to 6.54%.
By the numbers — 2002: new-home sales 973K, existing-home sales 5.63M, median existing price $158,100, 30-year mortgage rate 6.54%.