Home Sales Jump 4.2 Percent in February: Report

Mortgage rates remained below the 7 percent level for nine straight weeks, ‘which is helpful for potential buyers and sellers alike,’ an economist said.

A sign is posted in front of a home for sale in San Francisco on May 11, 2023. Justin Sullivan / Getty Images

The number of homes sold across the United States rose in February from a month earlier amid an improvement in housing inventory, according to the National Association of Realtors (NAR).

Total existing-home sales rose by 4.2 percent from January to hit 4.26 million units in February at a seasonally adjusted annual rate, NAR said in a March 20 statement. Sales include completed transactions of single-family homes, condominiums, townhomes, and co-ops.