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MNI BRIEF: US Existing Home Sales Surge 9.5% To 4.38M In Feb

(MNI) WASHINGTON

U.S. sales of existing homes surged 9.5% to a seasonally adjusted annual rate of 4.38 million in February, the National Association of Realtors said Thursday, beating market expectations and the strongest monthly pace in a year.

Sales have declined 3.3% from last year. The national median home price was up 5.7% over the last year to USD384,500 and 1.6% higher than the previous month.

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U.S. sales of existing homes surged 9.5% to a seasonally adjusted annual rate of 4.38 million in February, the National Association of Realtors said Thursday, beating market expectations and the strongest monthly pace in a year.

Sales have declined 3.3% from last year. The national median home price was up 5.7% over the last year to USD384,500 and 1.6% higher than the previous month.

Keep reading...Show less