In a recent report, new single-family home sales for the month of April reached a seasonally adjusted annual rate of 634,000. This figure reflects a notable decline in home sales, while also highlighting a significant increase in median prices across the market.

Key points:
– New single-family home sales in April totaled 634,000 at a seasonally adjusted annual rate.
– Home sales experienced a noticeable decrease during this period.
– Median prices for homes climbed to a new record high.
– The findings emphasize the ongoing trends in the real estate market, showcasing both challenges and opportunities for industry professionals.

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