In The National Association of Realtors’ latest Existing Home Sales Report, the number of home sales have increased dramatically over the last year in nearly every price range measured. In fact, of the six price ranges covered, only homes priced under $100,000 revealed a decline in sales, down just over 10% from last year.
Industry professionals attribute the decline in the under $100,000 category to a lower inventory of distressed properties on the market, which is a true testament to just how well the market continues to recover following the housing crash.
As for the increases, every category on the report had a minimum increase of at least 9%, with sales in the $250,000 to $500,000 range up an impressive 21.2%. Other figures show homes in the
