The March RE/MAX National Housing Report, a survey of MLS data in 52 U.S. metropolitan areas, shows a positive trend with sales 2.9% higher than the same month last year and median prices rising 8.4%. However, strong price gains are likely due to fewer homes listed for sale.

In many metro areas, low inventory is preventing some buyers from closing on the home of their choice, and may also be limiting the growth of sales. The March inventory of homes for sale remains 29.5% lower than the inventory in March 2012.

See the National Housing Report here.