Existing home sales rise 6.8%

by Lackner, 04/22/2010

The economic recovery continues apace with more exciting news from the National Association of Realtors:

Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 6.8 percent to a seasonally adjusted annual rate of 5.35 million units in March from 5.01 million in February, and are 16.1 percent above the 4.61 million-unit level in March 2009.

The southern region of the United States had a particularly strong showing:

In the South, existing-home sales increased 7.1 percent to an annual level of 1.97 million in March and are 13.9 percent higher than a year ago. The median price in the South was $154,800, up 5.2 percent from March 2009.

Maybe I'll be able to unload my million dollar 500 square foot studio after all! Where are the Russian Mafiosos when I need them?

Comments disabled Tags: Real Estate
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