Sales of new homes skyrocketed in March. Sales of existing homes, not so much.
Bloomberg | April 23, 2019
March was a good month for sales of new homes but not such a good month for sales of existing homes. New home sales in the country hit a 16-month high, increasing by 4.5 percent to an annualized pace of 692,000, according to Bloomberg. The median sales price dropped 9.7 percent year over year to hit $302,700, a two-year low.