The median home price increased to $244,800 in April, which was up 3.5 percent from March and up 6.0 percent from April of last year. The median home price has increased by approximately $13,900 in the past year alone.
The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of approximately 5.57 million homes during the month of April. This was a decrease of 2.3 percent from March, and an increase of 2.6 percent from April of last year.
INVENTORY – MONTH’S SUPPLY
There was a 4.2-month supply of housing inventory in April, which was up 10.5 percent from March. The total number of available homes for sale decreased by 10.6 percent compared to April of last year.
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