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Existing-Home Sales Vaulted 9.5% in February, Largest Monthly Increase in a Year

From nar.realtor

Existing-home sales climbed in February, according to the National Association of REALTORS®. Among the four major U.S. regions, sales jumped in the West, South and Midwest, and were unchanged in the Northeast. Year-over-year, sales declined in all regions. Total existing-home sales1– completed transactions that include single-family homes, townhomes, condominiums and co-ops – bounced 9.5% from January to a seasonally adjusted annual rate of 4.38 million in February. Year-over-year, sales slid 3.3% (down from 4.53 million in February 2023). "Additional housing supply is helping to satisfy market demand," said NAR ... (full story)

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