March housing sales jumped 44% over February, but were down 11% from March 2010 when frenzied buyers rushed to get an $8,000 tax credit that expired in last April.
March’s median sales prices were up 2% over February and off 2% from March 2010. Meanwhile, the inventory of unsold homes was up 2% in March over February, but down 6% from the year earlier.
Well priced and well presented properties are selling quickly as one quarter of the homes on the market are “distressed” and builders are adding fewer new homes into the market.


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