Mar
22
Sales of Previously Owned U.S. Homes Fell 3.7% in February
BySales of previously owned U.S. homes declined in February after rising a month earlier to the highest level in a decade, according to figures released Wednesday from the National Association of Realtors in Washington.
Key Points
- Contract closings dropped 3.7 percent to a 5.48 million annual rate (forecast was 5.55 million)
- Median sales price jumped 7.7 percent from a year earlier to $228,400
- Inventory of available properties fell 6.4 percent from February 2016 to 1.75 million, making it the 21st straight year-over-year decline…
Sales of Previously Owned U.S. Homes Fell 3.7% in February
