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Regional Home Sales Report March Of 2024

By
Industry Observer CDRE #01044712

On April 18, 2024, National Association of Realtors® (NAR) reported that nationwide regional existing home sales in the Northeast gained 4.2% in March of 2024 from of February 2024 to an annual rate 500,000 homes, but dropped 3.8% from March of 2023. The median price in the Northeast was $434,600 in March 2024, rose 9.9% from March of 2023.

Home sales in the Midwest down 1.9% in March of 2024 from February of 2024 to an annual rate 1.01 million homes, and lower 1.0% from March of 2023. The median price in the Midwest was $292,400 in March of 2024, increased 7.5% from March of 2023.

Home sales in the South decreased 5.9% in March of 2024 to an annual rate 1.9 million homes from February of 2024, and declined 5.0% from March of 2023. The median price in the South was $359,100 in March of 2024, grew 3.4% from March of 2023.

Home sales in the West fell 8.2% in March of 2024 to an annual rate 780,000 homes from February of 2024, and down 3.7% from March of 2023. The median price in the West was $603,000 in March of 2024, higher 6.7% from March of 2023.

For more complete information, on NAR's March 2024 regional existing home sales report, please click HERE

Posted by

John Pusa

Better way to buy and sell real estate

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Michael Elliott
Fathom Realty - Burlington Township, NJ
Burlington, New Jersey Residential Sales

Sales have dropped because listings have dropped, hence the continuous climb of prices.

Apr 24, 2024 06:03 AM
John Pusa

Hello Michael Elliott thank you for the comment.

Apr 24, 2024 04:45 PM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, John, for sharing this report.

Have a great day and a very productive week.

Apr 24, 2024 07:51 AM
John Pusa

Hello Roy Kelley thank you for the comment.

Apr 24, 2024 04:46 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Your posts are always so useful for those elevator speech and cocktail conversation - what is going on with the market.  Everyone wants to know and thanks to you we are all better informed.

Apr 26, 2024 06:20 AM
Bo Zivak
Zivak Realty Group - Nashville, TN
Nashville Real Estate Broker

Thanks, John, for sharing the report! Have a Great Day.

Apr 30, 2024 06:50 AM