The seasonally adjusted pace of existing-home sales in the U.S. ticked up 1.7 percent in April to an annual rate of 5.45 million sales, which is 6.0 percent higher on a year-over-year basis. But in the West, the pace slipped 1.7 percent to an annual rate of 1.15 million sales, which is 3.4 percent lower versus the same time last year and versus 2.5 percent lower on a year-over-year basis in March.
The median sale price across the U.S. ticked up from $222,700 in March to $232,500 in April, which is up 6.3 percent on a year-over-year basis but 1.6 percent below the record $236,400 set last June.
And in terms of inventory, the number of unsold homes on the market across the country increased 9.2 percent to 2.14 million homes at the end of April but remains 3.6 percent lower versus the same time last year.