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We got the new MDA DataQuick numbers for February today:
As Rich Toscano elucidated recently, home sales are quite resilient. And that’s remarkable in light of, as he put it, the “general economic carnage” out there.
The DataQuick numbers tell a similar story.
Home sales overall in February numbered 2,470. That’s up 26.4 percent year-over-year.
February’s stats continued a trend that started last July for year-over-year increases in home sales — this was the eighth consecutive month for the trend.
Last month, more than 1,570 resale houses sold, and 725 resale condos, for year-over-year increases of more than 40 percent in each category.
Of the resales, 52.2 percent had been foreclosed on at some point in the prior 12 months. That was up 36.2 percent from a year earlier, but down a bit from January, when 53.7 percent of the homes sold had been foreclosures.
The only category to see a year-over-year drop in sales was new homes, which logged 168 sales. That’s down from last February’s 330. It was the lowest month for the new home sales category since DataQuick started keeping records in 1988.