As we reported earlier today, the housing market got off to a good start this spring, with existing-home sales in March jumping 6.1 percent to their highest annual rate (5.19 million) in 18 months.
With March’s gain, sales are now 10.4 percent above a year ago, which is the highest annual increase since August 2013 (10.7 percent).
Below are a few additional key data points and some charts to give a visualization of the current state of the market through the first three months of 2015.
- Sales to 1st-time buyers were 30% in March, up from 29% in February; 30% in March 2014
- All-cash sales were 24% of sales in March, down from 26% in February; 33% in March 2014
- Sales to investors were 14% in March (unchanged from February); 17% in March 2014