Existing-home sales in 2011 have been rocky at best-with prices reaching a nine-year low in February-but figures released Tuesday by the National Association of Realtors show sales actually rose overall during the first quarter. Sales of existing single-family homes and condos rose 8.3 percent to a seasonally adjusted annual rate of 5.14 million from 4.75 million in the fourth quarter of 2010. Compared with the first quarter of 2010, sales are off just 0.8 percent.
Existing-home sales in 2011 have been rocky at best-with prices reaching a nine-year low in February-but figures released Tuesday by the National Association of Realtors show sales actually rose overall during the first quarter. Sales of existing single-family homes and condos rose 8.3 percent to a seasonally adjusted annual rate of 5.14 million from 4.75 million in the fourth quarter of 2010. Compared with the first quarter of 2010, sales are off just 0.8 percent.
The national median existing single-family home price was $158,700 in the first quarter, down 4.6 percent from $166,400 in the first quarter of 2010.
