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IRVINE, CA—US residential properties, includingsingle-family homes, condominiums and townhomes, sold at anestimated annual pace of nearly 5.2 million in May, a number thatis virtually the same as April and representing an increase of lessthan 1% from May 2013, according to a report fromRealtyTrac. However, median home pricesincreased 6% in May as compared to April and rose 13% from May2013, representing the biggest annual increase since US home pricesbottomed out in March 2012.

According to Daren Blomquist, VP of RealtyTrac,“When broken down by average price range, US sales are clearlyshifting away from the lower end. Properties selling below $200,000represented 50% of all sales in May, but that was down from a 55%share a year ago. Meanwhile, the share of homes selling above$200,000 increased from a 45% a year ago to a 50% in May 2014.”