Midwest Home Sales Up
The National Association of Realtors says Midwest home sales improved nearly 10 percent over last year as tax credits continued to motivate buyers.By: Associated Press, WDAZ
OMAHA, Neb. (AP) - The National Association of Realtors says
Midwest home sales improved nearly 10 percent 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 declined 2 percent
over 2009, to $128,000.
Midwest sales improved more than the national ones.
Non-seasonally adjusted figures show total February homes sales
increased 8 percent over last year. The median home price
nationally slipped 2 percent to $165,100.
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 percent drop in sales.
Chicago recorded a 33 percent sales increase.
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