JRE - Home Sales Clobbered By Mortgage Rates. New Listings And Active Listings Surge. Most Price Reductions For Any March In Years
2024-04-19 10:45:00 ET
Summary
- Actual sales, not seasonally adjusted, rose to 324,000 homes in March, according to data from the National Association of Realtors.
- The seasonally adjusted annual rate of sales fell by 4.3% in March from February, to an annual rate of 4.19 million sales.
- Active listings rose to the highest level since before the pandemic, to 695,000 active listings in March, according to data from Realtor.com.
Price reductions of existing homes jump to 31.7% of active listings, highest since 2017. ...
Home Sales Clobbered By Mortgage Rates. New Listings And Active Listings Surge. Most Price Reductions For Any March In Years