Sales of new homes up 3.3 percent in April


(Pat Wellenbach/AP)

The median sales price of new houses sold in April 2012 was $235,700, which is 4.9 percent higher than the $224,700 level this time last year. The seasonally adjusted estimate of new houses for sale at the end of April was 146,000, which represents a supply of 5.1 months at the current sales rate.

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