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| 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
