Resale home prices dipped 2% in March

609 transactions were made.

According to SRX, prices of resale, non-landed private residential units dipped 2.0% in March 2013 based on a weighted average of the PSF in the 3 sub-regions of Core Central (CCR), Rest of Central (RCR) and Outside Central (OCR).

Both Core Central Region (CCR) and Outside Central Region (OCR) saw price drops of 2.0% and 3.0% (over the previous month) to reach an average PSF of $1,788 and $1,071 respectively. Rest of Central Region (RCR) price remained largely unchanged at $1,301psf.

Here's more from SRX:

Resale volume up 87% from February to end with 609 transactions in March. However, this is about half the number of transactions compared to the same period last year (Mar 2012).

On a quarterly basis, 1,982 resales units were transacted in the first quarter of 2013, comparable to the 2,074 units transacted in the first quarter of last year, but down 39% from the previous quarter (4Q 2012).

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