As reported by the National Association of Realtors, national existing home sales were up in February 2.9% to a pace of 5.03 million units, up from 4.89 million in January. This is still 23.8% below February 2007, but Lawrence Yun said “the improvement is another sign that the market is stabilizing.”
The national median home price is down from last year ($213,500) to $195,900, mostly the result of the slowdown in sales being greater in higher-cost areas.
PCBDaily 