Key Points:
- Existing-home sales fell 2.4% in March from February and 22.0% from one year ago.
- The median existing-home sales price decreased 0.9% from one year ago to $375,700, the largest decline in 11 years.
- Existing-home sales in the Northeast were unchanged from February, but down 21.2% from March 2022. The median price in the Northeast was $395,400, up 1.0% from one year ago.
- In the Midwest, existing-home sales retracted 5.5% from one month ago, falling 17.6% from the previous year. The median price in the Midwest was $273,400, up 1.7% from March 2022.
- Existing-home sales in the South receded 1.0% in March from February and 20.4% from the prior year. The median price in the South was $347,600, an increase of 0.3% from one year ago.
- In the West, existing-home sales declined 3.5% from the previous month and down 30.5% from the prior year. The median price in the West was $565,400, down 7.5% from March 2022.
- The Right Facts will continue to monitor home sales.