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U.S. Pending Home Sales Surge 3.4% In March, Much More Than Expected

Pending Home Sales Jump 3.4% in March, Expected to Continue Upward Trend

Pending home sales jumped in March, with transaction volumes in every region except for the Midwest seeing an increase.

People and Property: Real Estate and Construction News From Around NH

Antrim Planning Board approves Battaglia subdivision, new co-working space in Laconia opens . and more

Existing Home Sales Take a Hit in March

Home Sales in March drop 4.3% despite there being a 4.7% increase in inventory according to report from National Association of Realtors NAR.

Spring New Home Sales Prove Resilient to Higher Rates

Existing home sales posted strong gains in February while sales of new homes slipped slightly. In March each category switched directions. The U.S. Census Bureau and the Department of Housing and Urban Development said newly constructed homes sold at a seasonally adjusted annual rate of 693,000 compared to 668,000 in February while the National Association of Realtors® (NAR) reported that existing home sales fell from a rate of 4.38 million units the prior month to 4.19 million. The increase in new home sales put those transactions up 8.8 percent compared to February and 8.3 percent higher than the March 2023 pace. Sales of previously owned single-family homes, townhouses, condos, and cooperative apartments were down 4.3 percent and 3.7 percent compared to the two earlier periods. [newhomesall] Existing single-family home sales also declined 4.3 percent in March to a 3.97-million-unit sales pace while condo and cooperative apartment sales were down 4.9 percent to 390,000