U.S. Home Sales

The National Association of Realtors reported that existing-home sales jumped 33.9%from the number of homes sold last April.

The median price paid for a home in April was $341,600, up 19.1%from last April’s median price of $286,800. There are now 110 straight months of year-over-year increases in the median price. 

The unsold inventory level is at a 2.4-month supply, down from a 4-month supply one year ago.

First-time buyers accounted for 31% of all purchases. Second-home and investor purchases accounted for 17% of all homes sold. Foreclosures and short sales accounted for less than 1% of all homes sold.