6 states and 13 metros with the biggest slow-down in sales | North Salem Real Estate

 

Despite the annual increase in residential sales volume nationwide reported Wednesday, data from RealtyTrac shows that the sales volume in March decreased from a year ago in six states and 21 of the nation’s 50 largest metro areas.

Nationally, home sales slipped 0.2% to a seasonally adjusted annual rate of 4.59 million in March from 4.6 million in February, and are 7.5% below the 4.96 million-unit pace in March 2013.

Last month’s sales volume remained the slowest since July 2012, when it was 4.59 million.

Major metros with decreasing sales volume from a year ago included:

1. San Jose (down 18%)
2. San Francisco (down 15%)
3. Los Angeles (down 14%)
4. Rochester, N.Y., (down 14%)
5. Sacramento (down 13%)
6. San Diego (down 12%)
7. Orlando (down 12%)
8. Las Vegas (down 12%)
9. Providence, R.I. (down 12%)
10. Phoenix (down 11%)
11. Riverside-San Bernardino, Calif. (down 11%)
12. Hartford, Conn., (down 10%)
13. Boston (down 8%)

For the states with the biggest declines in sales volume, and the cities that have experienced the biggest price recovery, click below.

 

 

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http://www.housingwire.com/articles/29788-states-and-13-metros-with-the-biggest-slow-down-in-sales