Market Updates
New Record Home Price in March, Sales and Inventories Fall
Brian Turner
20 Apr, 2022
New York City
Existing home sales declined in March to a seasonally adjusted annual rate of 5.77 million, a decline of 2.7% from the previous month and 4.5% from a year ago.
Home sales declined for the second month in a row and median existing home sale price increased 15% from a year ago to $375,300 and 87% of homes sold in March were on the market less than a month, according to the data released by the National Association of Realtors.
Single-family existing home sales declined 3.8% from a year ago and the median home price increased 15.2% to $382,000.
Annual Returns
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Earnings
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