HOME SALES ROSE 4.2% IN FEBRUARY

[infogram id=”5b94028d-58c8-4671-82df-ff55114e27de” prefix=”hEe” format=”interactive” title=”EXISTING HOME SALES SCORECARD 03202025″]

Key Points:

  • Existing-home sales rose 4.2% in February from January to a seasonally adjusted annual rate of 4.26 million.
  • Sales slipped 1.2% from one year ago.
  • The median existing-home sales price rose 3.8% from February 2024 to $398,400, the 20th consecutive month of year-over-year price increases.
  • First-time buyers were responsible for 31% of sales in February, up from 28% in January and 26% in February 2024.
  • “Home buyers are slowly entering the market,” said NAR Chief Economist Lawrence Yun. “Mortgage rates have not changed much, but more inventory and choices are releasing pent-up housing demand.”
  • The Right Facts will continue to monitor home sales.
Source