NAR reports that Existing home sales overall have dropped in February 2011

National Association of Realtors reports that existing home sales have dropped in February.  Please remember these are national figures:

Existing-home sales¹, which are completed transactions that include single-family, town homes, condominiums and co-ops, dropped 9.6 percent to a seasonally adjusted annual rate of 4.88 million in February from an upwardly revised 5.40 million in January, and are 2.8 percent