Document Highlights
A 24 per cent rise in national listings helped sales of existing homes to rise nearly 5 per cent in February, building on a 1 per cent gain in January. February’s level was the second highest on record for that month, behind only the February 2021 figure. Listings nonetheless remain scarce, having trailed year-earlier levels for seven consecutive months, and the currently strong market should have no difficulty absorbing further listings increases over the near term at least.
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