Home sales fall 0.6 percent in March
Home sales declined 0.6 percent in March according to the National Association of Realtors' Existing Home Sales report.
Home sales declined 0.6 percent in March according to the National Association of Realtors' Existing Home Sales report.
Today, the聽National Association of Realtors聽(NAR) released their聽Existing Home Sales Report for聽March showing a decrease in sales with total home sales declining 0.6% since February but still climbing 10.3% above the level seen in March 2012.聽
Single family home sales also declined falling 0.2% from February but still rose 9.1% above the level seen in March 2012 while the median selling price increased a notable 12.1% above the level seen a year earlier.聽
Inventory of single family homes increased from聽February聽to 1.69 million units dropping 16.3% below the level seen in聽March 2012 which, along with the sales pace, resulted in a monthly supply of 4.7 months.聽
The following charts (click for full-screen dynamic version) shows national existing single family home sales, median home prices, inventory and months of supply since 2005.聽