6 states and 13 metros with the biggest slow-down in sales
Bonus: 5 markets bouncing back the most in home prices
Despite the annual increase in residential sales volume nationwide reported Wednesday, data from RealtyTrac shows that the sales volume in March decreased from a year ago in six states and 21 of the nation’s 50 largest metro areas.
Nationally, home sales slipped 0.2% to a seasonally adjusted annual rate of 4.59 million in March from 4.6 million in February, and are 7.5% below the 4.96 million-unit pace in March 2013.
Last month’s sales volume remained the slowest since July 2012, when it was 4.59 million.
Major metros with decreasing sales volume from a year ago included:
- San Jose (down 18%)
- San Francisco (down 15%)
- Los Angeles (down 14%)
- Rochester, N.Y., (down 14%)
- Sacramento (down 13%)
- San Diego (down 12%)
- Orlando (down 12%)
- Las Vegas (down 12%)
- Providence, R.I. (down 12%)
- Phoenix (down 11%)
- Riverside-San Bernardino, Calif. (down 11%)
- Hartford, Conn., (down 10%)
- Boston (down 8%)
For the states with the biggest declines in sales volume, and the cities that have experienced the biggest price recovery, click below.