The median home-sale price rose 6.2 percent in March, the fastest month-over-month gain at this time of year since 2013, to an all-time high of $412,700, according to a new report from Redfin, the technology-powered real estate brokerage.
Seasonally adjusted home sales fell 4 percent as soaring mortgage rates and prices sidelined more buyers, whose options were severely limited due to a decline in homes being listed.
“Although pricey coastal markets began showing early signs of a slowdown in late March, nationwide sales data for the full month reflects the hottest March market on record, since homes that sold last month mostly went under contract in February,” said Daryl Fairweather