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IRVINE, CA—US residential properties, including single-family homes, condominiums and townhomes, sold at an estimated annual pace of nearly 5.2 million in May, a number that is virtually the same as April and representing an increase of less than 1% from May 2013, according to a report from RealtyTrac. However, median home prices increased 6% in May as compared to April and rose 13% from May 2013, representing the biggest annual increase since US home prices bottomed out in March 2012.

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