National existing home sales rose 6.8% in March, 2010. The 1st increase in 3 months.
Sales have been higher than a year ago for 9 straight months
All 54 metro areas in the RE/MAX-AP report showed positive growth in sales in March. Year over year inventory was down 13.15 % and prices increased 7.76%.
In the Midwest annual sales were 1.19 million units. That was a 7.2% increase over the previous month and 15.5% over a year ago. Average sales price was $139,300 a 8.8% increase over the previous month and 5.2% over a year ago.
National inventory levels was 3.58 Million units, a 1.8% drop from a year ago.
Distressed properties were 35% of all sales, 1st time buyers were 44% of all sales and investors were 19% of all sales.
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