Building on February’s gains—and for the second time this year—existing-home sales have strengthened, the National Association of REALTORS® (NAR) reports. March sales increased 1.1 percent to 5.6 million, but they were down 1.2 percent from the prior year. Inventory increased, as well: 5.7 percent to 1.67 million, but 7.2 percent lower than the prior year.
Editor’s Note: The Commercial Broker Roundtable is a quarterly look at the issues affecting the commercial real estate market and their ramifications for residential real estate.
Deena Zimmerman, Vice President, SVN Chicago Commercial
ATTOM Data Solutions has released its Q1 report on sales, which found homes in 54 percent of metros are at prices above their pre-recession top-out.