March existing-home sales spike 4.4% despite inventory woes

By April 21, 2017 Inman No Comments

Economists have been predicting a “spring revival” since the beginning of the year thanks to hearty buyers who refuse to let low inventory keep them from finding the perfect home.

According to a recent study, homes are flying off the market at a dizzying pace, selling eight days quicker this spring.

And NAR’s existing-home sales for March further prove the trend is true: The housing market is as robust as ever.

In March, NAR’s existing-home sales spiked 4.4 percent to a seasonally adjusted annual rate (SAAR) of 5.71 million — up from a downwardly revised 5.47 million in Fe...

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