Existing Home Sales Climb in April

Washington, DC, May 22, 2014 -- Home resales rose 1.3% in April to a seasonally adjusted annual rate of 4.65 million, the National Association of Realtors said.

Economists had expected a rate of 4.66 million, compared with a March rate of 4.59 million.

The median sales price hit $201,700 in April, up 5.2% from a year ago, as inventory remained low.