Residential Sales, Median Price Up While Investor Purchases Decline in June

RealtyTrac’s first-ever U.S. Residential Sales Report revealed a number of details about the current state of the nation’s housing market for June 2013. Chief among them: residential properties sold at a pace of 5.3 million on an estimated annualized basis, while the national median sales price came in at $168,000 for the month. Short sales and the sale of bank-owned properties accounted for 23 percent of the market in June, meaning approximately one out of every four home sales was a distressed property during the month. All-cash purchases accounted for 30 percent of the market, while purchases by institutional investors accounted for 9 percent of all residential sales in June. RealtyTrac Vice President Daren Blomquist gives the details of the report.

To search and research real estate data for more than 130 million properties nationwide, sign up for a FREE trial to RealtyTrac.

For the latest real estate news and trends get a FREE issue of our award-winning real estate newsletter, the Housing News Report.

Related Posts

Leave a Reply

Copyright © 2016 Renwood RealtyTrac LLC - All rights reserved