March home sales constrained by tight inventory

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

Existing-home sales slipped 0.6 percent from February to March as a lack of home inventory continued to constrain purchases, the National Association of Realtors (NAR) reported today. At a seasonally adjusted annual rate of 4.92 million, existing-home sales were still 10.3 percent higher than a year earlier, NAR said.