The report surveyed 53 metropolitan areas and found that the median home price was $161,000, 3.2 percent higher than in March and 5.9 percent higher than in April 2011. February marked the first time in 18 months that home prices experienced an increase, and data from March and April shows a positive trend.
Data revealed that of the 53 metro areas surveyed, 43 saw an increase in median home prices over last year, and 12 of those saw double-digit percentage increases.
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