Sales of existing homes over the previous thirty-day rolling period fell by over 9,500 transactions according to the National Home Sales Snapshot released by DataQuick while home values fell for the fourth time in five weeks.
There were 260,238 properties sold over the previous thirty-day rolling period ending September 19th, down 3.6 percent from the previous week’s total of 269,817 sold properties and 0.3 percent lower than the 261,103 properties sold four weeks ago.
Sales volume was still 17.4 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.
Last week’s home sales volume was 16.6 percent higher than the 223,229 homes sold during the same period a year ago and was 49.0 percent higher than during the same period three years ago when 174,612 homes were sold.
The median price of a home sold over the current thirty-day rolling period fell by $1,500 to $228,500. Four weeks ago the median home price was also $229,900.
Home prices were 14.3 percent higher than during the same period a year ago when the median price of a home was $200,000 and were 16.0 percent higher than the median price of $197,000 during the same period three years ago.
Over the last seven years, median home prices nationwide have ranged from a high of $275,000 to a low of $168,500.
Home sales volume over the last seven years has ranged from a high of 339,669 properties sold to a low of 124,051.
The National Home Sales Snapshot includes 98 out of the top 100 metropolitan statistical areas covering 66.25 percent of U.S. home sales.
Tags: DataQuick, home sales, median home price, sales volume
Reported by Chris Moore