Year -
over-year median prices for homes and condos surged 12 percent.
The 2015 RE / MAX Recreational Property Broker and Agent Survey measures year -
over-year median prices, listings and sales for waterfront, non-waterfront, and water access housing types in key recreational property regions.
The median sales price rose 5.1 percent to $ 205,000, marking 33 consecutive months of year -
over-year median price gains.
* The year -
over-year median price for single - family homes increased by 4.59 percent, and the year -
over-year median price for condos decreased 1.04 percent.
* The year -
over-year median price for short sales increased by 15.38 percent in March, while the median price for bank - owned sales increased by 8.11 percent.
* The year -
over-year median price for single - family homes increased by 11.11 percent, and the year -
over-year median price for condos increased 7.94 percent.
Fifty (50) counties showed year -
over-year median price increases including Will County, up 13.5 percent to $ 210,000; Cook County, up 7.1 percent to $ 225,000; and Champaign County, up 1.8 percent to $ 141,000.
Year -
over-year the median price is down 3.4 percent and looking meager in comparison to the 9.1 percent year - over-year gain in sales.
Year -
over-year the median price is up 2.5 percent.
Not exact matches
Homes sell in around a month after listing and
median prices are rising by double - digits year -
over-year.
Median home
prices rose steadily in both cities as well, especially in Riverside (which recorded a 9 % year -
over-year increase in
prices).
According to the company, 91 % of the markets analyzed experienced a year -
over-year increase in
median home
prices during 2015.
Furthermore, December 2015 marked 46 consecutive months of year -
over-year gains in the nation's
median home
price.
Seventy - nine of those metro - sized housing markets (or 91 %) had experienced a year -
over-year increase in
median home
prices by the end of 2015.
CoreLogic broke down appreciation even further into four
price ranges, giving us a more detailed view than if we had simply looked at the year -
over-year increases in national
median home
price.
The national
median home
price for an existing home was $ 165,500 in May, which is down 4.6 percent year -
over-year.
Home
prices were flat on a year -
over-year basis, with the
median unchanged at $ 151,800 and the average sales
price down by less than 1 % to $ 197,833.
In the second quarter, Greater Vancouver posted an aggregate year -
over-year home
price increase of 24.6 % to a
median price of $ 1,098,599.
The GTA, the province's largest market, saw notable year -
over-year home
price appreciation of 10.2 % to a
median price of $ 656,365, while home
price appreciation in the city of Toronto remained in - line with recent quarters, rising 8.4 % to $ 680,096.
In the second quarter, the aggregate
price of a home in the Greater Montreal Area increased by a healthy 3.5 % year -
over-year to $ 344,620, while the aggregate
price of a home in Montreal Centre rose 4.9 % to a
median price of $ 416,953.
During the same period, the city of Vancouver posted a year -
over-year gain of 27.5 % to $ 1,330,531, while surrounding areas such as West Vancouver and Richmond posted even higher increases of 29.7 % and 28.3 % to
median prices of $ 3,093,776 and $ 972,443, respectively.
The
median price in January 2013 was $ 173,600, 12.3 percent above the prior year, the 11th consecutive month of year -
over-year price increases.
October was a solid month for Seattle's condo market with the
median sales
price rising 13.73 % year -
over-year to $ 472,000.
Meanwhile, the
median price of a luxury condominium in Montreal rose nearly four per cent year -
over-year to $ 1,247,833, Royal LePage said.
The RE / MAX 2016 February Housing Report also showed that the
median price of all homes sold in January was $ 200,714, up by 6.7 percent year -
over-year.
The national
median existing - home
price3 for all housing types was $ 173,600 in January, up 12.3 percent from January 2012, which is the 11th consecutive month of year -
over-year price increases; that last occurred from July 2005 to May 2006.
Appreciation is highest in the San Jose, Calif., and Seattle, Wash., metropolitan areas, where
prices have rocketed (in order) 10.3 percent, to a
median $ 1,052,500, and 12.4 percent, to a
median $ 455,800, year -
over-year.
Two metro areas saw a year -
over-year decrease in
median sales
prices: Albuquerque, N.M., -0.2 percent and Burlington, Vt., -5.2 percent.
Also, the
median price shows seven straight months of double - digit, year -
over-year increases, according to the National Association of REALTORS ®.
The
median list
price in March will push past $ 250,000 — where it has hovered since May 2016 — to $ 260,000, while new listings will total 492,000, up 2 percent from February but down 13 percent year -
over-year.
June's
price increase marks the 52nd consecutive month of year -
over-year gains and surpasses May's peak
median sales
price of $ 238,900.
Realtor.com ® says that it will be important to watch markets like Denver, Boulder, Chicago, and Corpus Christi, Texas, which have had some of the most sluggish housing inventories in the country but also some of the largest year -
over-year gains in
median list
prices.
Existing - home sales fell in November, although
median prices continue to show strong year -
over-year growth.
Home
prices in the Midwest and West grew at the highest year -
over-year rate, both 7.2 percent to a
median existing single - family value of $ 193,800 and $ 374,400, respectively, according to the report.
Existing - home sales rose strongly in July, with the
median price maintaining double - digit year -
over-year increases.
Sales of existing homes rose in July even with constraints of affordable inventory, and the national
median price is showing five consecutive months of year -
over-year increases.
«
Median home
prices increased on a year -
over-year basis for the 18th consecutive quarter in Q3 2016, and homeowners who sold in the third quarter had owned their home an average of 7.94 years — a new high in our data and substantially higher than the average homeownership tenure of 4.26 years pre-recession.
Existing - home sales continued to improve in September and the national
median price rose on a year -
over-year basis for the sixth straight month, according to the National Association of Realtors ®.
Existing - home sales declined in June but are well above year - ago levels, while the
median price shows seven straight months of double - digit year -
over-year increases.
Sales have stayed above year - ago levels for 23 months, while the national
median price shows 15 consecutive months of year -
over-year increases.
This past year has given real estate agents much to be grateful for: According to NAR, existing home sales continued to improve in 2012 and in August 2012, the national
median price rose year -
over-year for the sixth straight month; Freddie Mac reports 30 - year fixed mortgage rates remain near all time record lows; and homebuyers have more access to home listings thanks to the mobile app home search evolution.
The national
median existing single - family home
price was $ 186,100 in the third quarter, up 7.6 percent from $ 173,000 in the third quarter of 2011, which is the strongest year -
over-year price increase since the first quarter of 2006 when the
median price rose 9.4 percent.
Median home
prices continued to rise in the majority of metropolitan areas in the second quarter, with the national year -
over-year price showing the strongest gain in seven - and - a-half years.
Existing - home sales increased in August and reached the highest level in six and a half years, while the
median price shows nine consecutive months of double - digit year -
over-year increases.
The majority of metropolitan areas in the third quarter experienced robust year -
over-year price gains, with the national
median price showing the strongest annual growth in nearly eight years.
A growing number of metropolitan areas had higher
median home
prices in the fourth quarter, with the national
price showing the strongest year -
over-year increase in seven years, according to the latest quarterly report.
WASHINGTON (December 19, 2013)-- Existing - home sales fell in November, although
median prices continue to show strong year -
over-year growth, according to the National Association of Realtors ®.
Metropolitan area
median home
prices continued to rise in the first quarter, with the national gain showing the best year -
over-year performance in over seven years.
Amid the lowest housing inventory levels in more than 13 years, existing - home sales in California still eked out a year -
over-year gain, while the
median sales
price posted a solid annual increase, according to the California Association of REALTORS ® (C.A.R.).
«We see the
median sales
price of homes across the country rising every month, year -
over-year, but the days on market and the supply of homes for sale hit record lows in December,» says Adam Contos, co-CEO of RE / MAX.