By Melissa Dittmann Tracey | National Association of Realtors
Home prices were at their highest levels ever last month, even as home sales stalled. Read more from NAR’s latest housing data release.
The spring housing market is off to a slower-than-expected start, with home sales dipping in March after a brief uptick in February. A shortage of homes for sale may be sidelining buyers, many of whom could be waiting for more choices and clearer signs of economic improvement before making a move into the market.
Existing-home sales—including single-family homes, townhomes, condos and co-ops—fell 3.6% in March compared to February and are below last year’s pace, down 1% annually, the National Association of REALTORS® reported Monday.
