Sales of existing homes in Northwest Indiana rebounded in February after a sluggish start to the year, rising 6 percent to 581 in the seven counties covered by the Greater Northwest Indiana Association of Realtors.

The median sale price continued a long-running rise, up 9.3% to $164,000.

Porter County led February's rise, with 139 sales with a median price of $211,000. Those represented 27.5% and 20.6% increases, respectively.

Lake County saw a one-sale drop in February, to 319, with the median price up 7.2%, to $160,000. LaPorte County recorded an 18.3% decline to 58, while the median price rose 3.8% to $135,000.

GNIAR members also work in Jasper, Newton, Starke and Pulaski counties. All but Starke had an increase in sales in February.

February brought a slight year-over-year decline nationally, according to the National Assocation of Realtors. On an annual basis, sales were down 1.8%. But an increase from January was a positive sign, NAR chief economist Lawrence Yun said.

"A powerful combination of lower mortgage rates, more inventory, rising income and higher consumer confidence is driving the sales rebound," Yun said.

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