Posted by: Marvin Remmich | December 31, 2012

Home Prices Show Strongest Gain in 6 Years: NAR

05/22/2012 Existing-home sales rose to 4.62 million (seasonally adjusted annualized rate) in April from an downwardly revised March rate of 4.47 million, the National Association of Realtors (NAR) reported Tuesday. Economists had forecast the April sales pace would be 4.66 million. The median price of an existing home climbed 10.1 percent to $177,400 from $161,100 in April 2011, the strongest year-to-year gain since January 2006. The median price in April reached its highest level since July 2010 when it was $182,100. The median price of an existing home rose month-to-month and year-to-year in all four regions.

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