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.
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