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Tue March 23, 2010
Midwest home sales up nearly 10% in February
OMAHA, NEB –
The National Association of Realtors says Midwest home sales improved nearly 10% over last year as tax credits continued to motivate buyers.
Figures released Tuesday show 68,000 sales in the 11-state region in February, and the median sales price increased roughly 1% over 2009, to $156,400.
Midwest sales improved more than the national ones.
Non-seasonally adjusted figures show total February homes sales increased 8% over last year. The median home price nationally was essentially flat at $210,500.
Sales fell on an annual basis in 10 of the 12 major Midwestern cities tracked in the Associated Press-Re/Max Monthly Housing Report. Omaha had the worst month with a 15% drop in sales.
Chicago recorded a 33% sales increase.