From CNBC: 2025-03-20 15:39:00

Sales of previously owned homes in February saw a 4.2% increase to 4.26 million units, defying analyst expectations of a 3% drop. This is a 1.2% decrease from February of last year, with a 17% year-over-year increase in inventory. The median home price in February was $398,400, a record high. First-time buyers made up 31% of sales, while investors accounted for 16%. All-cash sales remained steady at 32%.



Read more at CNBC: February home resales jump more than expected, despite mortgage rates