Sales of previously owned homes rose at a robust clip in April and prices jumped, the latest indication the housing market is recovering. Existing home sales were up 3.4 % from March to a seasonally adjusted annual rate of 4.62 million, the National Association of Realtors said Tuesday. If the pace holds, 2012 could be the strongest pace since 2007.
The median home price increased 10.1 % from a year earlier, the strongest year to year gain since January 2006. Economists said the higher median price reflects rising values and a shift toward fewer sales of foreclosed homes.
Dennis Clauer
May 25, 2012
About Dennis ClauerDennis has been practicing real estate since 1988 & after 5 years of being a broker at Real Estate of the Summit, he acquired the business in 2008. Dennis has been the Summit Association of Realtors “Realtor of the Year” on two occasions, President of the Summit Association of Realtors and Vice-President of the Colorado Association of Realtors.
