Loading…
Saturday, April 19, 2014
Current Weather
Loading Current Weather....
Published: 4/21/2011

Existing-home sales rise 3.7% for month

BLADE STAFF AND NEWS SERVICES

WASHINGTON — Sales of previously occupied homes rose in March to a seasonally adjusted annual rate of 5.1 million, the National Association of Realtors said Wednesday.

That’s a 3.7 percent increase from the February pace, but far below the 6 million annual figure that economists say represents a healthy market.

The association said most of the gain was from investors buying houses at risk of foreclosure. The median selling price of all houses rose in March to $159,600, but it is down 5.9 percent from a year ago.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories