- Existing home sales fell 5.9% in March, the largest monthly drop since November 2022. The median sales price was $403,700, up 2.7% year over year.
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- However, new home sales jumped 7.4% in March. Buyers took advantage of lower mortgage rates and a growing supply of newly constructed homes.
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- The median price of a new home fell to $403,600, 7.5% lower year over year, as builders and buyers focused on smaller, more affordable homes.
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