National home prices have now risen for four months in a row, and sales
transactions have jumped for five of the last seven months, according to
the June National Housing Report from RE/MAX. While sales prices are
down, the decrease is smaller than it has been in the last three months.
The report, which includes data from 53 metro areas in 45 states, shows
that closed transactions were up 7.5 percent and median prices jumped
4.3 percent from May. “It’s very encouraging that both home prices and
sales transactions have now risen for several months in a row,” said
RE/MAX CEO Margaret Kelly. “It appears that this market is following
traditional seasonal trends as it works its way though a recovery and
back to more normal conditions.”
— Alexander
Britell
National home prices up again
July 15, 2011 08:12AM
July 16, 2011 at 8:51 am, Nicki Conway said:
Such good news for everyone. This kind of news need to get out into the media more. Some buyers still think we have not hit bottom, yet in Sarasota County, we are at a 5.9 month’s supply of homes on the market.
July 16, 2011 at 9:16 am, Rob Czukor said:
Why is it that we do not see these reports on TV or in the newspaper. Have we reached the point where only bad news sells advertising space? As a Realtor in the Ft. Laud market, I have seen slight increases in sales prices and volumes and yet I still have buyers sitting on the sidelines waiting for the bottom. Third party market information like this helps Realtors continue to create the American Dream for more people!