September 21, 2011 (Chris Moore)
Weekly home sales volume got back on track last week after dipping the previous week for the first time in four weeks, while weekly home prices remained steady according to the National Home Sales Snapshot released by DataQuick.
The number of homes sold over the previous thirty day period ending September 15 was 189,150 properties, up from the previous week’s total sales of 187,688 properties.
The number of homes sold was 8.6 percent higher than the 174,245 homes sold during same period a year ago. Home sales for the same period three years ago were down 7.6 percent when 204,793 homes were sold.
The median price of a home sold over the previous thirty day period ending September 15 was unchanged from the previous week at $182,000. Home prices were 7.4 percent lower than the same period a year ago and down 20.9 percent from the same period three years ago.
During the same period last year, the median price of a home in the U.S. was $196,500. Three years ago the median price during this same period was $230,000.
Over the last five years, median home prices have ranged from a high of $275,000 to a low of $170,000.
Sales volume for a thirty day period within the last five years has ranged from a high of 339,669 properties sold to a low of 119,636.
The National Home Sales Snapshot includes 98 out of the top 100 metropolitan statistical areas covering 66.25 percent of U.S. home sales.
Tags: DataQuick, home sales, median home price, sales volume