Industry NewsMarkets & Economy

Existing-home sales, prices up in March

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Sales of existing homes slipped from February to March after an adjustment for seasonal variations, but were up from the same time a year ago, according to the latest monthly report from the National Association of Realtors. Sales of single-family homes, townhouses, condominiums and co-ops rose 5.2 percent year over year last month, to a seasonally adjusted annual rate of 4.48 million. That's a 2.6 percent decline from February.Looking back a year, sales were up 5.2 percent from the 4.26 million-unit pace seen in March 2011. At a glance: Existing-home sales (March 2012): Seasonally adjusted annual rate 4.48 million % change from March 2011 +5.2% % change from February 2012 -2.6%   National median price $163,800 % change from March 2011 +2.5%   Unsold inventory (months' supply) 6.3 Share of...