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The Boston Real Estate BlogI am an independent real estate broker, focused on the residential real estate market in downtown Boston. |
Existing Housing Sales Drop In April
Well, apparently the news released earlier this week that home sales had increased 16%, month-to-month, was only new home sales.
Existing home sales dropped during April, when compared to last year.
The National Association of Realtors reported yesterday that sales of existing homes dropped 2.6 percent last month to a seasonally adjusted annual rate of 5.99 million units, the slowest sales pace in nearly four years.
Nationwide, there is a glut of housing for sale. In Boston, not so much.
Source: Existing home sales decline more than forecast in April - Associated Press, by way of The Boston Globe
More: As Condos Rise in Florida, Investors Try to Flee - By Abby Goodnough, The New York Times
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