U.S. residential properties, including single family homes, condominiums and townhomes, sold at an estimated annual pace of 5,083,241 in February, a 0.2% decrease from the previous month but still up 7% from a year ago, according to RealtyTrac's February Residential & Foreclosure Sales Report. February marked the fourth consecutive month where sales activity decreased.

Short sales and distressed sales — in foreclosure or bank-owned — accounted for 16.9% of all U.S. sales in February, up from 16.1% of sales in January but down from 19.1% of sales in February 2013. The median price of distressed properties — in foreclosure or bank-owned — was $96,606 in February, 44% below the median price of non-distressed properties: $172,339.

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