Existing Home Sales at Highest Level Since 2009 [ANALYSIS]

The National Association of Realtors (NAR) released their monthly accounting of existing home sales this morning. The report covers three broad areas important to investors and economists: existing homes sales, median and average price of existing home sales, and the inventory of homes for sales.  Here are the figures. The existing home sales figure came in at 4.92 million (annual basis), a decline of 30K or 0.61 percent from the prior month.  The 4.92 million March figures put the first quarter of 2013 as the best quarter since the fourth quarter of 2009, with the year over year growth at…