Home/Mortgages, Real Estate/Home Sales Jump for a Second Week

Existing home sales over the last thirty days jumped by more than four percent compared to last week according to the National Home Sales Snapshot released by DataQuick while home values increased by $4,000 for a second consecutive week.

There were 175,691 properties sold over the previous thirty-day rolling period ending April 11th, up 4.2 percent from the previous week’s total of 168,616 sold properties and 7.8 percent higher than the 162,958 properties sold four weeks ago.

Sales volume was still 20.8 percent lower than the current year’s cycle peak of 221,695 sales which occurred during the 30-day rolling period prior to September 13th.

Last week’s home sales volume was 5.0 percent higher than the 167,382 homes sold during the same period a year ago and was 11.8 percent higher than during the same period three years ago when 157,151 homes were sold.

The median price of a home sold over the current thirty-day rolling period jumped by $4,000 for the second consecutive week to $198,000. Four weeks ago the median home price was also $188,500.

Home prices were 13.2 percent higher than the same period a year ago when the median price of a home was $174,900 and were 10.0 percent higher than what they were three years ago when the median price was $180,000. It was the 52nd consecutive week that year-over-year home prices surpassed the previous year’s levels.

DataQuick Weekly Snapshot 04-15-13

Over the last five 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 five 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