Homes this spring are selling faster than ever

Home sales jumped nearly 9 percent in March compared with March 2016, even as the number of homes for sale plunged 13 percent, according to a new report from Redfin.

That resulted in the fastest average sales pace since Redfin began tracking in 2010. The typical home went under contract in just 49 days, down from 60 days a year ago.

The median price of a home sold in March was $273,000, up 7.5 percent year over year. Continue

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