Existing Home Sales Rise 5 Percent

Nationwide sales of existing homes were up 5.1 percent in February from January as falling prices and incentives for first-time buyers peaked. Sales of existing homes rose to a seasonally adjusted annual rate of 4.72 million units in February from 4.49 million units in January, according to the National Association of Realtors.

Nationwide sales of existing homes were up 5.1 percent in February from January as falling prices and incentives for first-time buyers peaked.
 
Sales of existing homes rose to a seasonally adjusted annual rate of 4.72 million units in February from 4.49 million units in January, according to the National Association of Realtors.
 
The median home sale price dropped 3 percent in February to $165,400 from $170,300 in January. Prices have declined in each of the last 30 months, except August 2007, when there was a 0.1% increase. February's median sale price was 15.5% lower than the $195,800 a year earlier.
 
Source:  Los Angeles Times,  Existing Home Sales Rise 5.1% in February
TAGS: News
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish