After spending the previous four weeks at relatively steady levels, existing home sales moved higher, according to the National Home Sales Snapshot released by DataQuick along with another increase in home values.
There were 261,461 properties sold over the previous 30-day rolling period ending August 15, up 1.6 percent from the previous week’s total of 257,259 sold properties and 1.3 percent higher than the 258,064 properties sold four weeks ago.
Sales volume was 17.9 percent above last year’s cycle peak of 221,695 sales which occurred during the 30-day rolling period prior to September 13th of last year.
Most recent home sales volume were 18.8 percent higher than the 220,461 homes sold during the same period a year ago and was 30.5 percent higher than during the same period three years ago when 200,394 homes were sold.
The median price of a home sold over the current 30-day rolling period increased by $1,000 to $230,000. Four weeks ago the median home price was $222,500.
Home prices were 15.0 percent higher than during the same period a year ago when the median price of a home was $200,000 and were higher by the same amount during the same period three years ago. It was the 69th consecutive week that year-over-year home prices surpassed the previous year’s levels.
To read more, click here.
There were 261,461 properties sold over the previous 30-day rolling period ending August 15, up 1.6 percent from the previous week’s total of 257,259 sold properties and 1.3 percent higher than the 258,064 properties sold four weeks ago.
Sales volume was 17.9 percent above last year’s cycle peak of 221,695 sales which occurred during the 30-day rolling period prior to September 13th of last year.
Most recent home sales volume were 18.8 percent higher than the 220,461 homes sold during the same period a year ago and was 30.5 percent higher than during the same period three years ago when 200,394 homes were sold.
The median price of a home sold over the current 30-day rolling period increased by $1,000 to $230,000. Four weeks ago the median home price was $222,500.
Home prices were 15.0 percent higher than during the same period a year ago when the median price of a home was $200,000 and were higher by the same amount during the same period three years ago. It was the 69th consecutive week that year-over-year home prices surpassed the previous year’s levels.
To read more, click here.
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