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UPDATE

U.S. condo, co-op sales set a record

August 10, 2003

U.S. condominium and cooperative apartment sales rose to a record high in the second quarter, rising 4% to a seasonally adjusted 861,000, from 828,000 in the first quarter, according to the National Assn. of Realtors.

The median price for a condo was $163,500, up 15% from a year ago, compared with the 7.4% increase to $168,900 in the median price for a single-family home.

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