RE/MAX: March Home Sales Slowest Since 2014 – NMP Skip to main content

RE/MAX: March Home Sales Slowest Since 2014

Apr 16, 2019
September’s pending home sales data marked a second consecutive month of increases

Home sales during March were up by 29 percent from February but down 8.6 percent for one year earlier, according to the RE/MAX National Housing Report. March represented eighth consecutive month of year-over-year sales declines and the slowest start to the spring homebuying season in five years.
 
In the 54 metro areas tracked by RE/MAX, the median sales price in March was $246,000, up 2.5 percent from the previous month and up 3.4 percent from the previous year. Only two metro areas saw a year-over-year decrease in the median sales price: San Francisco with a 3.8 percent decline and Hartford, Conn. with a 1.4 percent drop.
 
March was the sixth straight month of year-over-year inventory growth, with a 5.3 percent gain; on a month-over-month measurement, inventory inched up by 0.3 percent. The days on the market increased to 59 from last year’s 57 as the inventory supply declined year-over-year to 2.7months from three months.
 
“It was encouraging to see month-over-month sales improve during March,” said RE/MAX CEO Adam Contos. “Although the seasonal bounce that typically ends the first quarter wasn’t as strong as in the past few years, conditions are in place for a healthy spring selling season. Falling interest rates, rising inventory and moderating price increases against the backdrop of a healthy overall economy are cause for optimism for buyers and sellers alike.”

 
About the author
Published
Apr 16, 2019
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026