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Misty Williams on Real Estate ~

Home sales slide

April 24th, 2007, 10:33 am · Post a Comment · posted by mistywilliams

After experiencing a slight uptick in the past few months, sales of existing homes fell 8.4 percent nationwide to a seasonally adjusted annual rate of 6.12 million units in March. That’s 11.3 percent below the March 2006 pace of 6.90 million, according to the National Association of Realtors.The national median home price remained relatively steady at $217,000, just 0.3 percent below March of last year.In the West, sales dropped 9.1 percent in March to an annual rate of 1.20 million units — 16.7 percent below the year ago period. The median price — where half the homes sold for more and half for less — was $330,600, down 2.9 percent from a year ago.

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