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Existing-home sales continue to slip

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Sales dropped 8.7% compared with the previous March, according to Columbus Realtors’ monthly report. Job growth and low interest rates continue to drive demand, as buyers pushed the median sales price.

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Existing-home sales in the South modestly dropped 0.4% to an annual rate of 2.27 million in April, down 1.7% from a year ago. The median price in the South was $236,800, up 4.4% from a year ago. Existing-home sales in the West grew 1.8% to an annual rate of 1.11 million in April, 5.9% below a year ago.

In the South, the existing home sales rate fell 1 percent from December and 8.4 percent from January 2018 to 2.08 million. The median home price rose 2.5 percent to $214,800.

This reflects a 12.3 percent increase in sales from January 2019 and a 2.2 percent decrease from February 2018. "Although the drop-off in sales is rather subtle year over year, February is shaping up.

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Total existing-home sales, completed transactions including single-family homes, townhomes, condominiums and co-ops, dipped 1.2 percent to a seasonally adjusted annual rate of 5.08 million in June from a downwardly revised 5.14 million in May, but are 15.2 percent higher than the 4.41 million-unit level in June 2012.

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Existing-home sales continued to slip in March from inventory constraints, which continue to push home prices up, according to data from the National Association of Realtors.

According to estimates from the National Association of Realtors (NAR), total existing-home sales in March came in at a seasonally adjusted annual rate of 4.59 million, a 0.2 percent slip from.

Total existing-home sales 1. has had somewhat of a cooling effect on home sales," said Yun. "This weakening in affordability has put the most pressure on would-be first-time buyers in recent months.

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The strong job market and lower rates should continue to support the potential for more home sales this year.” In another data report, potential existing-home sales in April increased marginally to a.

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Existing home sales declined 0.4% to a 5.19 million-unit pace during April. Despite lower mortgage rates, resales have fallen in five of the past six months and are down 4.4% from the same month a.