IRVINE, Calif. – Sept. 26, 2013 — RealtyTrac® (www.realtytrac.com), the nation’s leading source
for comprehensive housing data, today released its August 2013 U.S. Residential
& Foreclosure Sales Report, which shows that U.S. residential properties,
including single family homes and condominiums and townhomes, sold at an
estimated annualized pace of 5.6 million in August, up 2 percent from the 5.5
million pace in July and up 12 percent from the 5.0 million pace in August
2012.
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| Daren Blomquist |
The national median sales price in August was $175,000, up 3
percent from the previous month and up 6 percent from a year ago — the 17th
consecutive month where median home prices have increased annually nationwide.
The median price of a distressed residential property — in
foreclosure or bank owned — in August was $116,000, up 1 percent from the
previous month, but down 3 percent from a year ago. Median distressed prices
have now declined on an annual basis for six consecutive months including
August.
“Seven years after the housing bubble burst, U.S. home
prices are clearly on the rise again, up 23 percent from the bottom in March
2012 although still 26 below the peak of the housing price bubble in August
2006,” said Daren Blomquist, vice president at RealtyTrac.
“This
recovery in home prices and sale volume continues to be driven in large part by
cash buyers and institutional investors, as evidenced by the increasing share
of sales represented by those two categories in August.”
For a complete copy of the company’s news release, please
contact:
Jennifer von Pohlmann
949.502.8300, ext. 139
Ginny Walker
949.502.8300, ext. 268
Brittney Marin
949.502.8300, ext. 107
Data and Report Licensing:
800.462.5193
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