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by CareyBot

The rate of new single-family home sales increased about 4.9 percent from March to April but was down about 5.7 percent compared to April 2005, the U.S. Census Bureau and the Department of Housing and Urban Development reported today. Home sales were at a seasonally adjusted annual rate of about 1.2 million in April. The seasonally adjusted annual rate is a projection of a monthly sales total over a 12-month period, adjusted for seasonal fluctuations in sales activity. The median sales price of new houses sold in April 2006 was $238,500 and the average sales price was $298,300. In March, the average sales price was $232,000 and the median sales price was $291,200. And in April 2005, the average sales price was $236,300 and the median sales price was $289,100. The seasonally adjusted esti...