Existing-home sales jumped 14.5% in February to a seasonally adjusted annual rate of 4.58 million, snapping a 12-month slide and representing the largest monthly percentage increase since July 2020 (+22.4%). Compared to one year ago, however, sales retreated 22.6%. The median existing-home sales price decreased 0.2% from the previous year to $363,000.
Full article here: Existing-Home Sales Surged 14.5% in February, Ending 12-Month Streak of Declines
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