Existing-home sales spike in March to their highest annual rate in 18 months   Leave a comment

Existing-home sales jumped in March to their highest annual rate in 18 months, while unsold inventory showed needed improvement, according to the National Association of Realtors®. Led by the Midwest, all major regions experienced strong sales gains in March and are above their year-over-year sales pace.

Total existing-home sales1, which are completed transactions that include single-family homes, town homes, condominiums and co-ops, increased 6.1 percent to a seasonally adjusted annual rate of 5.19 million in March from 4.89 million in February—the highest annual rate since September 2013 (also 5.19 million). Sales have increased year-over-year for six consecutive months and are now 10.4 percent above a year ago, the highest annual increase since August 2013 (10.7 percent). March’s sales increase was the largest monthly increase since December 2010 (6.2 percent).

This article from the National Association of Realtors®

To read more click here

Stacy  Schnell

Realtor Associate

Direct: 856-364-0772

StacyLSchnell@gmail.com

Exit Uptown Realty

“Stacy Sells South Jersey Real Estate”

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