The 3,111 sales of single-family homes were about 1 percent higher than April and nearly 8 percent higher than May 2010. The median price registered a rare monthly increase, going from $125,000 to $126,000, but it’s still more than 11 percent below where it was a year ago.
Many housing analysts, however, aren’t expecting the increase to be a trend. Prices are expected to continue to decline because of foreclosures coming into the market.
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