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real estate updates: Market Updates and Some "Good News" - 04/25/08 06:04 PM
  Sales of existing homes fell in March
The national housing downturn continued in March as single-family home sales fell 2 percent in March - the seventh decline in the past eight months, the NATIONAL ASSOCIATION of REALTORS® (NAR) reported Tuesday.  The NAR said the median price of a home fell from $217,400 a year ago to $200,700 this March, a 7.7 percent decline.  The inventory of homes for sale increased by 40,000 units to 4.06 million homes.  At the March rate of sales, it would take 9.9 months to deplete the inventory, up from 9.6 months in February.
Bargain hunters boost home … (2 comments)

 
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Diane Broussard

Placerville, CA

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RE/MAX GOLD Real Estate

Address: 3375 Country Club Drive, Cameron Park, Cal, 95682

Office Phone: 530-620-71

Cell Phone: (209) 337-8172

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