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| Daren Blomquist |
IRVINE, CA — RealtyTrac® (www.realtytrac.com),
the nation’s leading source for comprehensive housing data, released its April
2014 Residential & Foreclosure Sales Report, which shows that U.S.
residential properties, including single family homes, condominiums and
townhomes, sold at an estimated annual pace of 5,213,793 in April, a decrease
of less than 1 percent from March but an increase of 4 percent from April 2013.
The median sales price of U.S. residential properties —
including both distressed and non-distressed sales — was $172,000 in April, an
increase of 4 percent from the previous month and an increase of 11 percent
from April 2013 — the biggest year-over-year increase since U.S. median prices
bottomed out in March 2012.
“April home sales numbers are exhibiting the continued
effects of low supply and still-strong demand that exist in many markets across
the country,” said Daren Blomquist, vice president at RealtyTrac.
“Annualized sales volume nationwide decreased on a monthly
basis for the sixth consecutive month and the 4 percent annual increase in
April was the lowest year-over-year increase so far this year. Meanwhile median
home prices nationwide increased to the highest level since December 2008.
“U.S. median home prices have now increased 21 percent since
hitting bottom in March 2012, although they are still 28 percent below their
pre-recession peak of $237,537 in August 2006,” Blomquist continued.
“There are
a surprising number of markets, however, where median home prices have
surpassed their previous peaks since the Great Recession ended in June 2009.”
For a complete copy of the company’s news release, please
contact:
Jennifer von
Pohlmann
PR Manager
Office: 949.502.8300 ext 139
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