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IRVINE, CA—The number of short sales andforeclosure sales combined on USresidential properties accounts for the lowestshare of sales year-to-date, according to a report fromRealtyTrac. The combined total of these salesaccounted for 15.6% of all sales in April, down from 16.5% of allsales in March, and down from 17.2% of all sales in April 2013.
The news follows other indications from the firm of thehousing market's continuing recovery. AsGlobeSt.com reported earlier this week, the median salesprice of US residential properties increased 4% inApril over the previous month and 11% from April 2013—the biggestyear-over-year increase since US median prices bottomed out inMarch 2012, according to RealtyTrac. The average price is now atits highest level since December 2008, and prices have surpassedpre-recession levels in 19% of major US counties.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
