Existing-home sales were on the upswing in February, according to a National Association of Realtors report published on Thursday. The sale of existing single-family homes, townhomes, condominiums and co-ops declined 3.3 percent year-over-year from 4.53 million in February 2023 to a seasonally adjusted annual rate of 4.38 million. Although sales failed to break out of an annual slump, they rose 9.5 percent from January — marking the most significant monthly gain in a year.
Source: Inman News
Existing-home sales rose 9.5% amid winter inventory boost
Published in bright mls, danielle hale, Dr. Lisa Sturtevant, existing-home sales, february existing-home sales, homebuyers, homesellers, inventory, lawrence yun, Markets & Economy, mortgage rates, NAR, realtor.com and Select
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