IRVINE, CA — RealtyTrac® (www.realtytrac.com), the nation’s
leading source for comprehensive housing data, today released its September and
Q3 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 4,402,741 in September, a
decrease of 1 percent from August 2014 and a decrease of 19 percent from a year
ago.
The median sales price of U.S. residential properties —
including both distressed and non-distressed sales — was $195,000 in September,
up less than 1 percent from August and up 15 percent from September 2013.
September was the 30th consecutive month where U.S. median home prices
increased on an annual basis, and the 15 percent annual increase is the biggest
annual percentage increase since October 2005.
“Median home prices nationally in September were boosted by
a new low in the share of distressed sales during the third quarter, resulting
in fewer home sales on the lower end,” said Daren Blomquist, vice
president of RealtyTrac.
“The share of homes selling above $200,000 is up 7
percent from a year ago, and the share of homes selling above $500,000 is up 15
percent from a year ago.
“Some of the biggest increases in median prices are in
markets in the Midwest, Southeast and Inland California, where home prices are
still considered a relative bargain for both investors and owner-occupant
buyers,” Blomquist added.
“Meanwhile, many of the fastest-appreciating real estate
markets last year have now settled into a more sustainable pattern of
single-digit appreciation.”
For a complete
copy of the company’s news release, please contact:
Jennifer von Pohlmann
949.502.8300949.502.8300, ext. 139
