March Home Sales from the National Association of Realtors®
The highlights from NAR are below:
- Existing-home sales fell for the second straight month in March to a seasonally adjusted annual rate of 5.77 million. Sales were down 2.7% from the prior month and 4.5% from a year ago.
- With slower demand, the inventory of unsold existing homes increased to 950,000 as of the end of March. That would support 2.0 months at the monthly sales pace.
- The median existing-home sales price rose to $375,300, up 15% from one year ago.
March data for local home sales from the Multiple Listing Service of Greater Cincinnati. Our sales drop is in tune with National figures.
Questions about the impact on selling your home in today’s market? Contact