March sales were 4.5% lower than the same period in 2021.
The median price of an existing home sold in March was $375,300, an increase of 15% from March 2021. That's the highest median price ever recorded by the Realtors.
Higher rates exacerbated an already pricey market for buyers. The median price of an existing home sold in March was $375,300, an increase of 15% from March 2021. That's the highest median price ever recorded by the Realtors. The supply of homes for sale is worst at the lowest end of the market, skewing sales toward the more expensive end.
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