NAR: With a sharp jump in prices, existing-home sales fell 0.6 percent in March—the steepest drop since December—to 4.92 million units, the National Association of Realtors(NAR) reported Monday. Economists had expected a 1.0 percent increase to 5.03 million from February’s original report of 4.98 million sales.
February sales were revised downward to 4.95 million.
The median price of an existing single-family home jumped $11,100—the strongest monthly gain in almost eight years—to $184,300, the highest level in seven months.
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The median price of an existing single-family home jumped $11,100—the strongest monthly gain in almost eight years—to $184,300, the highest level in seven months.
Watch our Video to learn more....
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