Washington, DC-(Effingham Radio)- Existing home sales slowed more than expected in March. The National Association of Realtors says sales decreased three-point-six percent to an annual rate of just under four-million units in March.
The group’s chief economist noted sales “remained sluggish and below last year’s pace” due to economic concerns and historically low inventory. Month-over-month sales fell in all four regions of the country. The median price of a single-family home was 412-thousand-400 dollars in March, up one-point-three percent from last year.
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