Most metros see annual price gains 
32% of Q2 sales are distressed properties, says NAR
By Inman News, Wednesday, August 11, 2010.
With distressed homes accounting for a smaller proportion of sales nationwide, median prices for existing homes were up from a year ago in nearly two-thirds of the 155 metro markets tracked by the National Association of Realtors during the second quarter.
Distressed homes accounted for 32 percent of sales, down from 36 percent a year ago, helping push the national median home price up 1.5 percent from a year ago, to $176,900, NAR said.
Sales volume of existing single-family homes and condos increased 9.1 percent from the first quarter, to a seasonally adjusted annual rate of 5.61 million. That's a 17.3 percent increase from the 4.78 million-unit pace during the second quarter of 2009.
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