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.