Existing-Homes Sales report for February 2014

Last Friday, the National Association of REALTORS® released their Existing-Homes Sales report for February 2014, which provides a great vantage point on how the U.S. Housing market has developed over the past year.

Here’s the regional breakdown of existing-home sales:

Northeast

·         Total sales down 12.7% since 2013

·         Median price up 1.5% to $237,000

Midwest

·         Total sales down 12.3% since 2013

·         Median price up 8.6% to $140,900

South

·         Total sales down 0.5% since 2013

·         Median price up 8.3% to $163, 400

West

·         Total sales down 10.1% since 2013

            ·         Median price up 18% to $279,400