Existing home sales slipped 3.7% in March
|Summary
Existing home sales fell 3.7% in March to a 6.01-million unit pace. Higher home prices may be pushing some buyers to the sidelines, particularly first-time buyers. The median price of an existing home has jumped 17.2% over the past year to $329,100. Prices for single-family homes surged 18.4% over the past year to $334,500, both marking new historic highs.
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