Existing Home Sales Slow to Start Spring

Some Highlights:

• Existing Home Sales slowedto an annual pace of 5.21 million home sales in March.
• Low inventory levels are still impacting home sales! Thecurrent month’s supply of homes for sale is 3.9-months.
• Median home prices were up 3.8% over last March at $259,400.This marked the 85^thconsecutive month withyear-over-year price gains.