AgentMarkets & Economy

RealtyTrac: Homes sales reach 8-year high

65 percent of markets achieve volume peaks

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Takeaways: 65 percent of markets analyzed achieved eight-year, first-half highs in terms of sales volume. Ten major metros reached eight-year sales volume highs. All-cash sales are still up in a number of markets, despite an overall decline in cash deals nationally. A total of more than 1.3 million single-family homes and condos sold in the U.S. during the first half of 2015, the highest activity seen in any first half since 2007. This uptick in sales volume appears to be pushing pricing, as the U.S. median home price reached a seven-year high of $189,500 in July, according to a RealtyTrac U.S. Home Sales Report. “Housing is successfully transitioning from an investor-driven recovery to one that is drawing in traditional buyers,” said Daren Blomquist, vice president at RealtyTrac. Of those markets, 26 reached a 10-year high for first-half activity. Four markets reached an all-time high for sales volume in the first half of the year: The Villages, Flor...