March 2009 Sales Figures are Mixed

Thursday, April 23, 2009 - By Gate Arty

The sales reports for March offered up a mixed bag . . . . some negative & a little positive.The National Association of Realtors announced that real estate sales fell 3 percent in March, to 4.57 million from 4.71 million in February. In an extraordinary turn of events that contradict the other numbers, the median sales price experienced a nice positive bump, increasing to $175,200 from $168,200 in February. Although this is an increase of 4%, it’s still down over 12% from this time last year. Rather unusual that prices would rise at a time when the demand drops, huh? These are unusual time, however.

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