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May home sales up 24.4 percent from a year ago; Statewide median price at $155,000

May home sales up 24.4 percent from a year ago; Statewide median price at $155,000 | My Blogs | Scoop.it

Statewide home sales (including single-family homes and condominiums) in May 2013 totaled 15,091 homes sold, up from 12,130 in May 2012. This marks 23 consecutive months of year-over-year sales increases and the strongest May since 2006 when 17,622 homes were sold statewide.


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Chicago-area home prices up 8.2% from year ago

Chicago-area home prices up 8.2% from year ago | My Blogs | Scoop.it
More homes were sold in the Chicago area in May than in any month since August 2006, according to monthly sales figures released Thursday.

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NAR - Existing-Home Sales Rise in May with Strong Price Increases

NAR - Existing-Home Sales Rise in May with Strong Price Increases | My Blogs | Scoop.it

 Existing-home sales improved in May and remain solidly above a year ago, while the median price continued to rise by double-digit rates from a year earlier, according to the National Association of Realtors®.


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May Home Value Appreciation Strong, But Rising Inventory & Mortgage Rates Should Slow Gains

May Home Value Appreciation Strong, But Rising Inventory & Mortgage Rates Should Slow Gains | My Blogs | Scoop.it

Zillow’s May Real Estate Market Reports, released today, show that national home values rose 0.5% from April to May to $159,000 (Figure 1). On a year-over-year basis, home values were up 5.4% (Figure 2) from May 2012. The last time national home values were at this level was in July 2004. Rents were up 2.6% on a year-over-year basis (Figure 3).


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