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

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