Thursday, September 25, 2014

RealtyTrac Reports Home Price Appreciation Slows in 18 Out of 20 Largest U.S. Markets in August Compared to Year Ago


Daren Blomquist

IRVINE, CA, Sept. 25, 2014 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its August 2014 U.S 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 4,508,559 in August, down one-half percent from the previous month and down 16 percent from a year ago — the fourth consecutive month where annualized sales volume has decreased on a year-over-year basis.

The median price of U.S. residential properties sold in August — including both distressed and non-distressed sales — was $195,000, up 3 percent from the previous month, and up 15 percent from a year ago to the highest level since August 2008, a six-year high.

“Higher-end properties are taking up a bigger share of a smaller home sales pie, boosting the median home price nationwide higher even as home price appreciation slows to single digits in many of last year’s red-hot local housing markets,” said Daren Blomquist, vice president at RealtyTrac.

 “On the other hand, markets where large institutional investors and other buyers have not picked clean lower-priced inventory are continuing to see strong, double-digit increases in median home prices.”

For a complete copy of the company’s news release, please contact:

Jennifer von Pohlmann
949.502.8300949.502.8300, ext. 139


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