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March Home Sales Down 9% Coronavirus Blamed

Mortgage News > March Home Sales Down 9% Coronavirus Blamed
Date: 04/23/2020    March Home Sales Down 9% Coronavirus Blamed

U.S. home sales took a dive in March as state after state was put on stay-at-home orders. Total sales fell 9.1% across the country on a monthly basis, according to Redfin, but thanks to a strong showing early in the month, sales fell just 1.2% from March 2019. March ended the nine-month streak of year-over-year home sales increases. Because of coronavirus shutdowns and massive unemployment, during the last week of March, 28,140 listed homes were pulled off the market, a 148% increase from the year before.

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