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Home Prices Increase 6.5% in April as Homes Sold at Record Speeds, Redfin Reports

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SEATTLE--(BUSINESS WIRE)--Home sales across Redfin markets increased at a rate of 5.4 percent compared to a year earlier, according to Redfin (www.redfin.com), the next-generation real estate broker. Home prices also trended upward. The median sale price rose 6.5 percent year-over-year to $275,700. April was the third month in a row that prices grew above 6 percent, a sign that demand is putting more upward pressure on prices. Growth in home prices had eased for much of last year, settling at a

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