Existing Home Sales Rise in Mid-Q1

Existing home sales ↑1.7% in February to a 4.09M seasonally adjusted annual rate.
Economists expected a ↓; January was revised to 4.02M, not 3.91M.
Yearly sales ↓1.4%; median price ↑0.3% to $398,000; affordability index ↑ to 117.6.
Inventory ↑2.4% to 1.29M; 3.8 months’ supply; median days on market rose to 47.
First-time buyers were 34%; all-cash 31%; distressed sales 3%, unchanged yearly.