RE/MAX: Home Sales Up 2.5% In August

Posted by Orb Staff on September 18, 2012 No Comments
Categories : Residential Mortgage

12411_0a3 RE/MAX: Home Sales Up 2.5% In August August home sales rose 2.5% higher than sales in July and were 8.5% higher than August 2011 sales, according to the latest National Housing Report issued by Denver-based RE/MAX.

RE/MAX reports that August was the 14th consecutive month with sales higher than the same month in the previous year. Of the 52 metro areas surveyed in August, 44 saw higher sales than one year ago, and 29 of those metro areas saw double-digit increases.

RE/MAX adds that the median sales price of homes sold in August was $168,685, down 0.2% from July but 6.3% higher than August 2011. Of the 52 metro areas surveyed for the report, 46 saw price increases over last year, with 15 metro areas experiencing double-digit gains.

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