Dive summary:

• The National Association of Realtors reports that sales of existing homes – meaning done deals for single-family houses, townhomes, condominiums and co-ops – went up 0.8% from the annual pace in January to 4.98 million in February.
• Like the National Association of Home Builders, the realtors group sees too-tight credit as one of the drags on a market that is recovering as employment slowly improves and borrowing rates remain low.
• As February closed, 1.94 million existing homes were on the market, which pushed the supply up to 4.7 months when figured at the February sales rate and which was up slightly from January's 4.3-month stock.

From the article:

The national median existing-home price for all housing types was $173,600 in February, up 11.6% from February 2012. ...