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NAR: Existing home sales spike in March nationally, rise almost 7 percent for Northeast

Apr 22, 2015
Existing-home sales jumped in March to their highest annual rate in 18 months, while unsold inventory showed needed improvement, according to the National Association of REALTORS (NAR).
Total existing-home sales, which include single-family townhomes, condominiums and co-ops, increased 6.1 percent to a seasonally adjusted annual rate of 5.19 million in March. March closings were up 6.2 percent. 
In the Northeast, March existing-home sales rose 6.9 percent to an annual rate of 620,000, and are 1.6 percent above a year ago.
To read the entire NAR press release, click here.
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