Existing Home Sales fell MoM for the 3rd-straight month, but even with total inventory rising to 1.28 million, median sales prices still climbed 3.1% MoM to a new record of $419,300.
Tags: homesellers
After hitting their highest level in a year in February, sales of existing homes slipped 4.3% in March. However, sales are still at their second highest level since last May as NAR’s Chief Economist, Lawrence Yun, confirmed they’re “rebounding from cyclical lows.” The rise in first-time buyers and multiple offers also suggests demand remains ahead… Read more