Real Estate Stats Released For February

Home sales surged by more than 50 percent last month compared to the same period one year ago. Also, average home prices rose 3.4 percent compared to February 2009.

The comparison is a bit skewed, since recessionary jitters kept many people out of the real estate market last winter, and since the credit crisis prevented many would-be homeowners from even getting a mortgage.

More from the Sun Gazette.

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