Home Sales Report March Of 2012

Real Estate Agent with Berkshire Hathaway Home Services Crest CBRE #01044712

On April 25, 2012 National Association of Realtors® (NAR) reported that nationwide existing home sales in March of 2012 were down 2.6% from February 2012, but 5.2% higher than March of 2011.

Investors bought 21% of the inventory in March 2012, lower than 23% in February of 2012, and 22% of March of 2011. First time buyers acquired 33% of homes in March of 2012, lower than 32% February of 2012, but same as 33% in March of 2011. Cash buyers purchased 32% of all sales in March of 2012 higher from 32% in February 2012; but same as 33% in February 2011. Investors make up the bulk of cash transactions.

Total available housing inventory dropped 1.3% at the end of March to 2.37 million, a 6.3 month supply of inventory, same as in February of 2012. Home sales, in the Northeast were down 1.7%, in the Midwest were same as February 2012, in the South declined 1.1%, and in the West were down 7.4% in March of 2012, according to Walter Molony of www.realtors.org on April, 2012.

It appears that many home buyers were not motivated enough to take advantage of low interest rates and lower priced distressed properties to buy real estate in March of 2012. However, there is a sign of improvement compare to same time of a year ago.

For more complete information, on the March of 2012 existing home sales, please

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214


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Todd Hays
Exit Real Estate Professionals - Spokane, WA

In Spokane inventory is down, but sales (volume) is up. Supply and demand says prices should start coming up.

Apr 30, 2012 10:18 AM #1
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL

John - Our home sales are up from last month, I'll have to check how it compares to a year ago.

May 03, 2012 11:53 AM #2
Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

John-very good "big picture" report. Hopefully with inventories coming down it will help with the motivated stepping up and perhaps we will see prices start to rise? Have a great week-end,

May 04, 2012 01:34 AM #3
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Todd, if the inventory is down in Spokane that mean real estate market improving. Thanks for the comment.

Michelle, it is good sales are up from last month. Thanks for the comment.

Adrian, yes, hopefully lower inventories will increase the prices. Thanks for the comment.

May 04, 2012 10:42 AM #4
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy


We cheer all signs of improvement, big and small.  Wishing you continued success.  A

May 06, 2012 04:36 AM #5
Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

We'll take any improvement.  And, some markets are still really hot right now.  Best, John.

May 08, 2012 10:05 AM #6
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John Pusa

Your All Time Realtor With Exceptional Service
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