Following weak home sales from extreme winter weather,
March sales picked up 24.6 percent across the 52 metros measured. Realtor.com released its National Housing Trend Report, which cited year-over-year growth in inventory and days on the market as welcome signs for spring home buyers. The number of homes for sale rose 9.5 percent in March from a year earlier. Median list prices for homes rose as well, with the average price for a home jumping 5-point 3 percent to roughly $200,000. Current inventory stands at a 4.1 month supply. A 6 month supply indicates a balanced market. Read more.
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