NEW YORK (CNNMoney) -- The housing market surged in April, with home affordability at record levels.
Sales hit 4.62 million homes during the month on an annualized basis, a rise of 3.4% compared with a month earlier and up 10% from April 2011, according to the National Association of Realtors.
NAR reported that the median price for homes sold during the month was $177,400. That's a jump of more than 10% compared with a year earlier.
Home sales surge in April - May. 22, 2012
Sales hit 4.62 million homes during the month on an annualized basis, a rise of 3.4% compared with a month earlier and up 10% from April 2011, according to the National Association of Realtors.
NAR reported that the median price for homes sold during the month was $177,400. That's a jump of more than 10% compared with a year earlier.
Home sales surge in April - May. 22, 2012