- Sales of existing homes decreased 7.2 percent in February, to a 6.02 million seasonally adjusted annual rate. Sales are down 2.4 percent from a year ago.
- Sales in the market for existing single-family homes, which account for about 89 percent of total existing-home sales, dropped 7.0 percent in February, coming in at a 5.35 million seasonally adjusted annual rate.
- Condo and co-op sales fell 9.5 percent for the month, leaving sales at a 670,000 annual rate for the month versus 740,000 in January.
For further details see:
Existing Home Sales Fell In February But Supply Remains Extremely Tight