U.S. housing recovery continues as house prices and sales increase
America's housing recovery is continuing with the median home price increasing for the third straight month in April.
According to the RE/MAX National Housing Report, out of the 53 metropolitan areas surveyed the median home prices were 3.2% higher than March and 5.9% higher than April 2011.
The median sales price of homes sold in April was $161,000.
After an 18 month decrease, February saw home prices increase with sales 4.1% higher.
Margaret Kelly, chief executive of RE/MAX, said: “It’s encouraging to see several improving economic and housing indicators, which are pointing to a continuing real estate recovery. While home prices are still low and interest rates remain at historically low levels, it’s likely that many more potential homebuyers will leave the sidelines and jump into this market.”