Sales of existing homes and condominiums in Florida picked up in March from February. But they were still down sharply from a year ago, as the nationwide housing slump continued.
Nationally, existing-home sales — including single-family, town homes, condominiums and co-ops — slipped 2 percent to a seasonally adjusted annual rate of 4.93 million units in March, from 5.03 million in February. That’s 19.3 percent below the 6.11 million sales pace in March 2007, the National Association of Realtors reported Tuesday. Regionally, sales rose in the Northeast and West but fell in the Midwest and South.
See the full article here.