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| Daren Blomquist |
IRVINE, CA — RealtyTrac®
(www.realtytrac.com), the nation’s leading source for comprehensive housing
data, released its March and Q1 2016 U.S. Home Sales report, which shows that
U.S. home sellers in March on average sold for $30,500 more than they purchases
for, a 17 percent average gain in price — the highest average price gain for
home sellers in any month since December 2007 at the onset of the Great
Recession.
The RealtyTrac Home Sales
report is based on publicly recorded sales deeds collected and licensed by
RealtyTrac in more than 900 counties nationwide accounting for more than 80
percent of the U.S. population.
Among 125 metropolitan
statistical areas with at least 300 sales in March, home sellers realized the
biggest average gains compared to purchase price in San Francisco (72 percent
average gain); San Jose, California (60 percent); Boulder, Colorado (53
percent); Prescott, Arizona (51 percent); and Los Angeles (48 percent).
“Home sellers in many
markets are now seeing average price gains close to or above what home sellers
experienced during the last housing boom,” said Daren Blomquist, senior vice president at RealtyTrac.
“That should encourage
more homeowners to take advantage of the prime seller’s market and list their
homes for sale this year. Banks are already taking advantage of that market as
evidenced by the uptick in the distressed sales share over the last two
quarters.
For a complete copy of the company’s news release,
please contact:
Jennifer von Pohlmann
949.502.8300, ext. 139
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