However, April's tally was still higher than the average price of $166,089 in April 2002.And the median, or middle price, of a condo sold and closed was $153,000 in April, unchanged from March. A year earlier, the average price of a condo that closed was $145,000.
By comparison, the average price of a single-home, detached home sold and closed in April was $275,213, the second-highest average price ever. A year earlier, the average price was $259,705, and it was $269,277 in March. The median price of a home sold and closed set a new record of $227,037.
However, brokers cautioned that the high prices were skewed by expensive homes being sold. Owners of expensive houses have been slashing prices, which is bumping up the overall average and median prices.There were only 2,597 houses placed under contract in April, making it the worst April for sales since 1990.
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