Maine home sales rise but median price dips from July

ABoR reports that median home prices grew by more than 30 percent from August 2010 to August 2015, a $65,000 difference.

Despite the surge in prices, Austin home sales were still on the rise.

Sales gains have started to soften across the state for both houses and condos, likely setting a trend for the rest of the year, Florida Realtors Chief Economist John Tuccillo said. The median is the midpoint; half the homes sold for more, half for less.

Single family homes in Florida stayed on the market for a median of 45 days, down 18.2 percent from August 2014, Florida Realtors reports.

It is well below the statewide increases seen this year; with home sales up over 12-percent and prices up just over six percent. And buyers, he said, “are not so fast to pull the trigger …and feel more and more comfortable waiting to make a decision”. In California, the statewide median sales price for single-family existing homes in July was $488,260; in Massachusetts, it was $365,000; in Maryland, it was $282,107; and in New York, it was $242,000. The median cost was up 4.7 percent “more than double the increase in average pay”, according to an Associated Press analysis.

The August 2015 sales total of 12,044 was up by 4.3 percent from the August 2014 total of 11,543. We expect the current pace of growth to be typical for the rest of the year.

“The growing disparity between rising home prices and what Austin residents can afford, combined with low inventory levels, will continue to drive residents outside of Austin’s city limits to buy a home, putting further strain on our region’s infrastructure and resources”. Compared with a year ago , the number of homes listed for sale in Illinois in August was down 8.7 percent. A 6 month to 6.5 month supply is considered to be a balanced market.