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| Daren Blomquist |
IRVINE, CA— RealtyTrac® (www.realtytrac.com),
the nation’s leading source for comprehensive housing data, released its May
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 5,147,550 in May, virtually
unchanged from April and an increase of less than 1 percent from May 2013.
“Distressed sales continue to represent a smaller share of
the overall sales pie nationwide, helping to boost median home prices higher
given that distressed sales tend to be in lower price ranges,” said Daren
Blomquist, vice president at RealtyTrac.
“When broken down by average price range, U.S. sales are
clearly shifting away from the lower end. Properties selling below $200,000
represented 50 percent of all sales in May, but that was down from a 55 percent
share a year ago.
“ Meanwhile, the share of homes selling above $200,000
increased from a 45 percent a year ago to a 50 percent in May 2014.”
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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