Existing Home Sales Rose in February

Washington, DC, March 24, 2015—Existing home sales rose 1.2% in February to a seasonally adjusted annual rate of 4.88 million, the National Association of Realtors reports.

Sales were up 4.7% from February 2014, and the median sales price for an existing home rose 7.5% to $202,600 over February of the previous year.