My Real Estate Blog

Sales of existing homes, including single-family and condos, increased 13.9 percent to 6.03 million units in the fourth quarter, compared with 5.29 million units in the third quarter, according to a report by NAR.  Sales also were 27.2 percent higher than the fourth quarter of 2008.  Distressed properties accounted for 32 percent of fourth quarter transactions, a decline from 37 percent a year earlier.

The national median home price for existing, single-family homes was $172,900 in the fourth quarter, a 4.1 percent decrease compared with the fourth quarter of 2008.  In the West, which includes California, existing-home sales increased 16.2 percent in the fourth quarter to an annual rate of 1.38 million units, 18.2 percent higher than a year ago, according to the report.  The median home price of existing, single-family homes in the West was $227,200, a decline of 8.9 percent compared with the fourth quarter of 2008.

Posted by Adam Mallory on February 24th, 2010 11:22 AMPost a Comment (0)

Subscribe to this blog
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Adam Mallory REeBroker DRE #01727909 PO Box 84484 San Diego, CA 92138
Phone: Fax:

Your FICO score | Search San Diego Listings | Search eBroker Listings | Selling Your Home | Search REALTOR.com® | 9 Steps to Owning | Buying Foreclosures/REO's | Home Price Index | My Blog | Win $1000

Copyright © 2012 Adam Mallory REeBroker DRE #01727909
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.



 
State:
County:
City:
Zip: