US home sales in April up 2.9%, fueled mostly by First-time-Buyers and foreclosure sales according to Seattle Times.

Median prices continue to lower mostly due to the fact that homes in the lower price point are moving more than homes in higher price ranges. Since most activity is in the lower price range the median price will probably continue to sink a little longer before starting to climb. In Seattle there is a ton of activity for homes/condos under the $500k range. Click here for the entire Seattle Times/Associated Press article.