As sales of existing homes rose 3.4 percent in April from March, prices of those previously owned houses, townhouses, condominiums and co-ops also rose, the National Association of Realtors said this morning.
"The recovery appears to be extending to home prices," NAR Chief Economist Lawrence Yun says in a report issued earlier.
Sales were 10 percent above the level of April 2011, NAR adds. Last month's pace: a 4.62 million annual rate.