Median Home Price Bounces Back

After hitting a two year low in January, the median price for single-family re-sale homes tacked on 4.9% in February from January. Year-over-year? Not so good. The median price was off for the sixth month in a row, falling 7.2%.

Home sales fell to their lowest level since January 2009. The 116 home sales last month were 5.7% lower than last February.

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