April home sales down and prices up as new listings take big jump

Another month with low inventory equals another month with home sales down and prices up in April. However, the number of new listings added in April were the most since the final month that buyers were able take advantage of the homebuyer tax credit in April 2010. While these new listings didn’t impact April home sales, it is a positive sign for the market in the months ahead. (see graphs below – click on them to enlarge)

Direct link to podcast.

Link to April 2013 Housing Release (including data sheets)

Highlights from the release:

  • Single-family home sales were down 1.2% compared to last year (3rd straight month)
  • Single-family median prices were UP 10.5% ($315,000) (7th straight month)
  • Single-family inventory down for 13th straight month
  • New listings in April up 12.7% compared to last year. Most in one month since April 2010
  • Condo sales were up 12.3% compared to the same time last year
  • The median price for a condo was up 3.6% ($285000) compared to last year

April 2013 SF chart

 

 

April 2013 CC chart