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Home / Government / Midwest home sales up nearly 10 percent in Feb.

Midwest home sales up nearly 10 percent in Feb.

By JOSH FUNK
AP Business Writer

OMAHA, Neb. (AP) — Midwest home sales improved nearly 10 percent over last year as tax credits continued to motivate buyers, according to the National Association of Realtors.

Figures released Tuesday show 68,000 sales in the 11-state region in February, and the median sales price increased roughly 1 percent over 2009, to $156,400.

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 was essentially flat at $210,500.

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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