Housing market improves in 2nd quarter

State's housing market improves in second quarter of 2013

SEATTLE (AP) -- Washington's housing market continued to improve in the second quarter, as home sales and median home prices rose statewide.

That's according to a report Wednesday from the Runstad Center for Real Estate Studies at the University of Washington.

The report says existing home sales during the second quarter increased 5.4 percent from the first quarter, and 21 percent from a year ago. The report says the biggest impediment to the housing market remains a shortage of homes available for sale.

The median sales price reached $251,100 during the quarter, an increase of 6.4 percent from a year ago.