Dwelling Dollars

The national median existing-home price fell 0.9% Y-o-Y in 3/23 to $375,700 from $379,300. Prices have now fallen Y-o-Y for two straight months, the first time in 11 years. Median home prices peaked during 6/22 at $413,800 and are now 9.2% off that high. As for sales, they declined 2.4% M-o-M in March after surprisingly rising 13.75% M-o-M in February and have declined in 13 of the last 14 months.