Sales of existing homes increased in February and remain within a fairly stable range, according to the National Association of REALTORS. Existing home sales including single family, townhomes, condos and co-ops rose 2.9%.
Regionally, existing home sales in the Northeast jumped 11.3%. In the Midwest the gain was 2.5%. In the South, the increase was 2.1%. However, in the West the slip was 1.1%. We are sure that the media will continue to focus on the west coast market and ignore the good news everywhere else.
So things are looking up and our phones are ringing....let's celebrate!