April was a rough month for new and existing home sales nationwide, according to figures from a Colorado-based housing analyst.
Sales dropped 10.4 percent from March, according to the monthly study by Real Trends, with the annualized rate of sales dropping to 4.73 million from 5.28 million.
On a year-over-year basis, April sales declined 12.8 percent, said Steve Murray, editor of the publication. However, the average price of home sales is inching upward, up 1.2 percent over April 2010.
The year-over-year falloff was most acute in the Midwest, Murray said, down 21.6 percent from April 2010.
Never miss a local story.
In Wichita, 682 homes were sold in April, up from 593 in March but down 23 percent from April 2010, when 891 homes were sold, according to figures from the South Central Kansas Multiple Listing Service.
"A significant part of the decline as measured on a year over year basis is due to the federal tax credit which significantly raised housing sales in the March through June period of 2010," Murray said in a statement.