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Positive Real Estate Sales Continue

I’ll provide more on these numbers later. The most recent real estate statistics continue along the trend line of increased sales activity.  According to the March sales figures released yesterday (remember the data lags behind a month), something good is indeed happening. From the Times Union:

In March, sales were up 3 percent, while pending sales were up 22 percent. The average sale price rose 5 percent to $211,058, while the median price was up 10 percent to $190,000.

This news adds to the string of positive monthly data points in 2012. Given the 22 percent jump in pending sales, the trend should continue at least through next month.