The depressed U.S. housing market may be showing some signs of life.

Recent surveys have indicated prices for new and existing homes are rising a bit.

According to the Commerce Department, sales of new homes dropped in June, but prices grew -- possible a result of the limited number of homes on the market.

The Commerce Department data shows sales of new homes dropped 1 percent in June, 2011. The median price of a new home grew by 5.8 percent. The median new home price is now $235,200.

Another housing market study conducted by S&P Case Shiller has found home prices in the 20 major metropolitan areas jumped in May. It was the second consecutive month of growth in these areas, as the median price of an existing home grew 1 percent from April to May. Comparing year-over-year data, housing prices were down 4.5 percent from May 2010.