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NAR: Existing-Home Sales Fizzle in February

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National Association of Realtors just released this morning a press release with some bad and good findings. Inventory increased in February (good), but sales of single family homes fell 7.2%  in February.

Existing-home sales in the South decreased 1.8 percent to an annual rate of 2.20 million in February, but are still 3.3 percent above February 2015. The median price in the South was $186,400, up 5.0 percent from a year ago.

Read all the NAR Press Release here: realtor.org

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