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Existing US home sales fell in February, while prices rose

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Sales of previously occupied U.S. homes slowed last month as rising prices and a dearth of homes for sale kept some would-be buyers on the sidelines.

The National Association of Realtors said Monday that existing homes sales in February fell 6.6% from January to a seasonally-adjusted rate of 6.22 million annualized units.

Sales were up 9.1% from February last year. Home prices continued to climb, driven by sales of higher-end homes. The report showed that the U.S.

median home price was $313,000 in February, up 15.8% from a year earlier. The red-hot housing market has left the number of available properties for sale at record lows, which has contributed to sharp increases in home prices.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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