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REAL ESTATE MARKET TREND

Year over year increase by price point varies

There has been a lot of chatter about the last few Existing Home Sales Reports from the National Association of Realtors(NAR). Year-over-year sales have been down four of the last five months. Experts are asking whether or not the housing recovery is beginning to stall. Let’s take a closer look at the data.

After further scrutiny, the report reveals an interesting situation: sales of non-distressed properties are actually up. In January 2013, 23% of the 4.87M sales were distressed properties (foreclosures and short sales) meaning 3.75M non-distressed properties were sold. In January 2014, 15% of the 4.62M sales were distressed properties. That means 3.93M non-distressed properties sold – an increase of 180,000 sales.

When we dig deeper into NAR’s research, we also see that homes at the higher price points are selling at greater increases than the lower price points.

About Ingrid Pasco

Ingrid is a results oriented Realtor offering her clients the best experience buying or selling a home. She always work in the best of their interests with a personal approach, respecting their goals, challenges and time frame desired for their home sale, home purchase, investment or relocation for a complete satisfaction. As a CDPE (short sale expert) and Global Property Specialist, Ingrid offers home sellers the highest marketing exposure by widely advertising their property from the smallest neighborhood perimeter to foreign countries in 20 languages. Her clients benefit from her outstanding real estate expertise and effective home value analysis to locate, negotiate, purchase a home at the right price or to sell one for the highest price in a timely manner. You will find that Ingrid is a valuable Realtor and partner engaged to your side to provide you outstanding services and results. Read her clients testimonials on her website or blog.

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