Saturday, March 25, 2006

Steady As She Goes in February

The National Association of Realtors released the following report on February existing home sales in February.

WASHINGTON (March 23, 2006) – Existing-home sales rose in February following five months of decline, indicating a stabilization is taking place in the market, according to the National Association of Realtors®.

Total existing-home sales – including single-family, townhomes, condominiums and co-ops – increased 5.2 percent to a seasonally adjusted annual rate1 of 6.91 million units in February from an upwardly revised pace of 6.57 million in January, but were 0.3 percent below a 6.93 million-unit level in February 2005.

As always we invite you to our Chicago Home Buzz website and click on Market Stats for more market statistics.

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