DataQuick tracks home sales nationwide weekly, and in our current report we found prices continue to rise, as they have for the past several months.
During the 30-day sales period ending July 5, approximately 211,000 homes were sold in 98 of the top 100 metropolitan statistical areas.
Sales overall rose 12% from the same period a year earlier and 10.6% from 2009 levels.
Home prices also went up with the median price hitting $193,000 on July 5, up 6% from a year ago and 4.3% from three years ago.
In a little over a month, the median sales price rose from $186,000 to $193,000. In a recent survey by Trulia, which was reported in the Wall Street Journal, home shoppers are seeing much lower inventory, which naturally leads to higher prices overall.
Our report analyzes over two-thirds of all U.S. home sales.
For more details, visit DQ News at www.dqnews.com.