Industry NewsMarkets & Economy

Existing-home sales rise 8.3% in Q1

Prices down 4.6% year-over-year (CHARTS)
Published on May 10, 2011

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Existing-home sales rose 8.3 percent in the first quarter compared to fourth-quarter 2010, according to a report from the National Association of Realtors.

Sales remained nearly flat year-over-year, dipping 0.8 percent to a seasonally adjusted annual rate of 5.14 million.

Also in the first quarter, sales prices fell 4.6 percent nationwide compared to first-quarter 2010, to a median $158,700.

Sales of single-family homes, condominiums and co-ops, on a quarter-to-quarter basis, rose in every state and Washington, D.C., except Vermont. There, sales fell 7.1 percent.

Comments