According to the National Association of Realtors, Northeast home sales were up 13 percent in February over the same time last year, the biggest gain in any of the four U.S. regions. Nationwide, homes sales were up eight percent, without seasonal adjustment.
The median sales price for an existing home went up nearly eight percent, to $254,700. The Northeast was the only region to show a price increase over last year. The national median sales price went down about two percent to $165,100.
A report released by Associated Press- Re/Max Monthly Housing Report showed mixed results for home sales in the nine major Northeast cities. The report looked at sales metropolitan areas done by all real estate agents, not just those affiliated with Re/Max. Most realtors did more business dealing with lower priced properties. This was due in part to the extension to April 30 of the first-time homebuyers tax credit.
(Source: Associated Press)
Northeast home sales up 13 percent this year
Submitted by intern
on