Pace: Median Sales Price

median sales price: New-home sales increased 2.3 per cent in April from March to a seasonally adjusted annual rate of 454,000, the Commerce Department said Thursday. That's only slightly below January's pace of 458,000, which was the fastest since July 2008, according to CTV. The median sales price jumped 8.3 per cent in April from March to $271,600. That's highest on records going back to 1993. The median sales price is not adjusted for inflation and WASHINGTON -- U.S. sales of new homes rose in April and nearly matched the fastest pace in five years, driving the median price to a record high. The gains suggest the housing recovery is strengthening. Steady job creation and near-record-low mortgage rates are spurring more Americans to buy homes. Sales are still below the 700,000 pace consistent with healthy markets, but they have risen 29 per cent over the past year. (www.immigrantscanada.com). As reported in the news.