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NAR: Existing-home sales slip nationally and in Northeast

Mar 24, 2014
Home prices continued to show solid growth in most of the country due to limited inventory conditions, but rising prices and severe winter weather caused existing-home sales to slip in February, according to the National Association of REALTORS (NAR).

Total existing-home sales, which include single-family townhomes, condominiums and co-ops, fell 0.4 percent to a seasonally adjusted annual rate of 4.6 million in February. February closings were 7.1 percent below the 4.95 million-unit pace of February 2013.

In the Northeast, existing-home sales fell 11.3 percent to an annual rate of 550,000 in February, which is 12.7 percent below February 2013. 

Click here to read the entire NAR press release.
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