How Home Price Relates to Sales Volume

IRVINE, CA—Higher price peaks usually occur following higher sales volume, and lower sales volume typically indicates slowing price appreciation and possibly even falling prices, RealtyTrac's Daren Blomquist tells GlobeSt.com EXCLUSIVELY.

By Carrie Rossenfeld | Updated on December 14, 2015

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IRVINE, CA—Higher price peaks usually occur following higher sales volume, and lower sales volume typically indicates slowing rice appreciation and possibly even falling prices, RealtyTrac‘s VP Daren Blomquist tells GlobeSt.com. As we recently reported, the firm has released its October 2015 U.S. Home Sales Report, which shows that among 94 major metro areas analyzed for the report, 33 markets (35%) have now reached new all-time home price peaks in 2015. The report also shows that the median sales price of US single-family homes and condos in October was $207,500, up 1% from the previous month and up 10% from a year ago—the highest year-over-year percentage increase since February 2014.

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