March 2025 NAR Existing Home Sales Stumble Despite Lower Rates:
Existing home sales fell by 5.9% month-over-month in March to a seasonally adjusted annual rate (SAAR) of 4.02M. That’s a 2.4% drop from March 2024, according to the National Association of Realtors (NAR).
Total housing inventory at the end of March increased to 1.33 million units up from 1.23 million units in February, up 19.8% from a year ago.
The median existing-home sales price in March was $403,700, up 2.7% from a year ago.
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