Good news…home sales up for February

By Dennis Norman, on March 24th, 2009

By: Dennis Norman

Dennis Norman

Yesterday the National Association of REALTORS(R) released its existing home sales report for February and it contained some good news.  According to the report existing home sales in the U.S. increased 5.1% in February over January although the rate is still down 4.6% from the same time last year. 

Granted it takes more than one month of good news to show a positive trend but maybe we are getting close.  Median home prices in the report were looking as if there may be some stability coming as well.  For complete details please see my post on the real estate consumer blog, Real Estate Consumer news.

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March 24th, 2009 | Tags: Existing Home Sales, home prices, National Association of Realtors, real estate market | Category: Market Information & News, Selling Property

1 comment to Good news…home sales up for February

• Pending home sales up for February « Real Estate Investors Daily ™

  April 2nd, 2009 at 1:15 pm · Reply

  [...] report on existing home sales for March on April 23rd to see if this holds.  I will remind you, that as I wrote about in a post last month, existing home sales for February was up so if March does in fact show an increase as well it will [...]

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