© 2025 WFSU Public Media
WFSU News · Tallahassee · Panama City · Thomasville
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
WFSU-FM is currently broadcasting at reduced power. We apologize for this inconvenience. And remember, you can stream or listen to WFSU on the App.

Existing Home Sales And Prices Both Rose In April

As sales of existing homes rose 3.4 percent in April from March, prices of those previously owned houses, townhouses, condominiums and co-ops also rose, the National Association of Realtors said this morning.

"The recovery appears to be extending to home prices," NAR Chief Economist Lawrence Yun says in a report issued earlier.

Sales were 10 percent above the level of April 2011, NAR adds. Last month's pace: a 4.62 million annual rate.

The national median price, $177,400, was up 10.1 percent from April 2011.

Tempering some of the enthusiasm about the report: As Bloomberg News points out, April's sales increase was the first in three months.

Copyright 2020 NPR. To see more, visit https://www.npr.org.

Mark Memmott is NPR's supervising senior editor for Standards & Practices. In that role, he's a resource for NPR's journalists – helping them raise the right questions as they do their work and uphold the organization's standards.