Sales of Existing Homes Spike Across All Regions

Washington, DC, April 22, 2015—Sales of previously owned home rose 6.1% in March to the highest level since September 2013, according to the National Association of Realtors.

The Midwest led in gains, but all regions saw strong performance and are above their year-over-year pace.

Total housing inventory at the end of March climbed 5.3% to 2.00 million existing homes available for sale, and is now 2.0% above a year ago.