WKYT | Lexington, Kentucky | News

Sales of previously occupied homes up in April

The National Association of Realtors says home sales rose 3.4 percent last month.

Yard signs - FOR SALE

Americans bought more previously owned homes in April, a hopeful sign that the weak housing market is gradually improving.

The National Association of Realtors says home sales rose 3.4 percent last month to a seasonally adjusted annual rate of 4.62 million.

That still lags January and February's pace - which was the best for those months in five years. And it well below the nearly 6 million per year that economists equate with healthy markets.

A mild winter encouraged some people to buy homes earlier. That drove up sales in January and February, while making March weaker.

The median price for homes sold in April rose to $177,400, up 10.1 percent from a year ago.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 152578725 - wkyt.com/a?a=152578725
Gray Television, Inc.