Posted by: Marvin Remmich | April 16, 2013

Home Sales See Seasonal Surge, Listings Fall

Home sales rose 25 percent month-over-month in March, reflecting the normal spring spike that occurs every year, according to Redfin. On a year-over-year basis, however,
sales were up just 0.9 percent–the smallest gain in 14 months. Ten of the 19
markets tracked by Redfin saw sales increase year-over-year, one fewer than
February. All 19 markets posted month-over-month improvements. Home prices also
saw a nice boost, growing 6.2 percent from February and 15 percent from March
2012. However, the number of homes for sale fell 31 percent from March 2012 to
March 2013


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


%d bloggers like this: