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WDAZ: Your Home Team

Published March 24, 2010, 08:09 AM

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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