Several more metro areas are now reporting strong double-digit gains in both June home sales and home prices:
1. "Seattle-area house prices saw a double-digit increase in June ? the first time that's happened in nearly five years. The median price of single-family homes sold last month was $380,000, up 10.1 percent from June 2011. It was the third straight month of year-over-year price increases, and by far the largest change. The last time the median rose by more than 10 percent was in July 2007, when it hit an all-time high of $481,000.?? Sales volumes were strong in June. Buyers closed on 2,117 houses in King County, the listing service said ? 3 percent more than in May, which had been the best month since August 2007. When compared with June 2011, house sales were up 12 percent, condo sales up 16 percent."2. In the 13-county Pittsburgh-region, the number of residential homes placed under agreement increased 18.6% in June 2012 versus June 2011, while average home sale price increased 13% ($194,500 versus $172,177).
Update: Add Denver to the list of hot real estate markets, with a 20% increase in June home sales and a 12% increase in price.?
Source: http://mjperry.blogspot.com/2012/07/seattle-pittsburgh-real-estate-markets.html
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