Home sales hit 18-month high; prices accelerate

April 22, 2015 2:02 PM

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Home sales hit 18-month high; prices accelerate

WASHINGTON (Reuters) - U.S. home resales surged to their highest level in 18 months in March as more homes came on the market, a sign of strength in housing ahead of the spring selling season.

The National Association of Realtors said on Wednesday existing home sales increased 6.1 percent to an annual rate of 5.19 million units, the highest level since September 2013. The percent increase was the largest since December 2010.

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