By Jann Swanson
Posted To: MND NewsWire
The spring housing market blasted in across the county last month and existing home sales jumped 6.1 percent from the February level to the highest annual rate in 18 months. The National Association of Realtors® (NAR) said March sales were at a seasonally adjusted annual rate of 5.19 million units compared to 4.89 million in February. The rate of sales tied those in September 2013, which had been the most recent high in sales. The March increase was the largest month-over-month gain since a +6.2 percent change in December 2010. The pace of sales of existing single-family homes, townhomes, condominiums, and co-ops in March was 10.4 percent higher than in March 2014 and represented the sixth consecutive month of annual increases. It was also the largest year-over-year increase since August…(read more)
Via:: Surging Home Sales Herald Strong Spring Market
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