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Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

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Home sales jumped in April | The Money Times

Money Matters - Simplified

Home sales jumped in April

Was, D.C. -- Sales of new single-family homes jumped sharply for the second consecutive month in April, the U.S. Commerce Department said Wednesday.

Sales rose 14.8 percent compared to March. A month ago, Commerce said sales surged 26.9 percent compared to February.

In April, the annual rate of home sales reached 504,000, up from a revised figure of 439,000 a month ago.

Sales in April were 47.8 percent higher than a year ago, as homebuyers rushed to get paperwork done in time for the April 30 deadline for a federal tax credit.

The department said the median sales price for new homes in April was $198,400, down from $214,000 a month ago. The average sales price for new homes was $249,500 in April, down from $258,600 in March.

At the end of April, an estimated 211,000 new homes remained on the market, a five-month supply at the current rate of sales.

Copyright 2010 United Press International, Inc. (UPI).

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Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

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