February home sales figures are up
The latest data from the National Association of Realtors rleased today shows home sales in the Northeast were up as buyers took advantage of falling prices andlow mortgage rates. From the Star-Ledger:
Home sales in the northeast fell 14.9 percent over February 2008, but rose 15.6 percent over January, when adjusted for seasonal buying patterns.
The median sale price for homes bought in the northeast dropped 4.8 percent over last year to $251,000, the smallest dip in the country. Home prices in the western region plunged 30.3 percent. The median is the price at which half of homes sold for more and half for less.
Read the full story here.
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