March Saw Increase in Home Sales

The National Association of Realtors (NAR) says that the housing market is definitely recovering. Pending home sales have increased in the month of March, putting them well above where they were a year ago. Since there is an overall national increase in sales, the inventory is slowly being lowered which helps to bring a balance to the housing market. This indicates that home prices will also be rising through 2012. In fact, first quarter sales closings were at higher levels this year than they have been in the past 5 years. According to the lastest contract signing activities, we should also see great data for the 2nd quarter.

Posted in: economic recovery,economy,home prices,home sales,housing market,National Association of Realtors