HAR Report: Days on Market, or the actual time it took to sell a home, increased from 38 to 62 days. Months supply registered 2.7 months compared to 1.1 months a year earlier. The current national supply stands at 2.6 months, as reported by NAR.
Broken out by housing segment, March sales performed as follows:
$1 - $99,999: increased 28.7 percent
$100,000 - $149,999: decreased 14.2 percent
$150,000 - $249,999: decreased 20.3 percent
$250,000 - $499,999: decreased 18.7 percent
$500,000 - $999,999: decreased 18.3 percent
$1M and above: decreased 20.4 percent
HAR also breaks out sales figures for existing single-family homes. Existing home sales totaled 5,613 in March, down 24.5 percent from the same month last year. The average price fell 1.2 percent to $404,159 and the median sales price declined 2.8 percent to $315,000.