Stacie Hartman

The Mortgage Blog of Stacie Hartman

Existing Home Sales, Median Price Drop In February

According to The National Association of Realtors, sales of previously owned homes fell .06 percent in February. Despite the third straight month of decline, sales were 7.0 percent higher than February 2009. Lawrence Yun, NAR’s chief economist, said year-over-year sales have been up for eight months but the key test for the housing recovery is what happens as the tax-credit deadline approaches. The national median existing-home price for all housing types was $165,100 in February, down 1.8 percent year-over-year. More here and here. A graph of monthly existing-home sales since 2005 below.

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