After recent reports suggested home sales were suffering, a new one says otherwise.
In a housing report recently released by RE/MAX
, the findings suggest home sales last month increased by double digits and in 53 of the 54 U.S. metro areas that were surveyed compared to February.
Home sales usually increase in the spring time, but Margaret Kelly, CEO for the real estate giant, said the gains she is seeing are above average.
It's encouraging that home sales are rising at a faster pace than we would normally see this time of year," said Kelly. "If sales continue at this pace into the traditional spring and summer buying season, we would expect to see prices follow as well."
While home prices didn't rise in as many places in March, the report did find that values increased in 35 of the metropolitan areas surveyed.
RE/MAX's findings stand in stark contrast to a report released earlier this week from Fannie Mae, which indicated home sales were suffering due to factors like rising gas prices and political unrest in the Middle East.