WASHINGTON, DC—Amid a disappointing report from the National Association of Realtors on last month's existing-home sales, there's a nugget of good news. Sales of existing apartment units—including condominiums and cooperatives—held their own in April even as existing-home volume showed an overall decline of 3.3% from March, according to NAR data.

Condo and co-op resale volume was unchanged from March's seasonally adjusted level of 610,000 units, and was 3.4% higher than April 2014, when 590,000 units changed hands. The median price of a for-sale apartment was up 0.4% year-over-year to $206,100.

Overall, existing-home sale volume fell to 5.04 million units in April from an upwardly revised 5.21 million in March. Even so, sales have increased Y-O-Y for seven consecutive months and are still 6.1% above a year ago. Additionally, April marked two consecutive months of sales exceeding five million units.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.