Sales for existing homes was record high in April

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July 25, 2005

Sales for existing homes was record high in April

If there was a fear of slowdown in real estate market in 2005, fear not.
According to National Association of Realtors sale of existing single family homes went up healthy 4.5 percent compare to that in March. Staggering 6.28 million single family homes were sold, up from 6.01 million in March.

The median single-family home price increased to $203,800 in April. That is up 15.1 percent from a year earlier.

Regionally, the home resale pace in the South jumped 7.4 percent from March. The median price of an existing home in the South was $176,000, which was 8.0 percent higher than April 2004.

Total existing-home sales in the Midwest rose 5.8 percent, up 3.8 percent above April 2004. The median price in the Midwest was $166,000, up 12.9 percent from a year earlier.

Existing-home sales in the Northeast increased 4.3 percent, up 7.1 percent above the level of a year ago. The median existing-home price in the Northeast was $243,000, up 15.2 percent from April 2004.

Existing-home sales in the West held even and were 2.5 percent higher than April 2004. The median existing-home price in the West was $305,000, up 21.0 percent from the same month a year ago.

Posted in Real Estate at July 25, 2005 11:07 AM

Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Sales for existing homes was record high in April

July 25, 2005

Sales for existing homes was record high in April

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