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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.