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IRVINE, CA—US home sales volume decreased inJuly from a year ago for the third straight month, according to areport from RealtyTrac. USresidential properties—including single-familyhomes, condominiums and townhomes—sold at an estimated annual paceof roughly 4.6 million in July, down 3% from the previous month anddown 12% from a year ago—the third consecutive month whereannualized sales volume has decreased on a year-over-yearbasis.
In addition, the report shows, while pricing is at its highestlevel since 2008, the velocity of the increase slowed in 65% of thecountry's housing markets in July. The median price of USresidential properties sold last month—including both distressedand non-distressed sales—was $191,000, up 3% from the previousmonth, and up 12% from a year ago to a 70-month high.
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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.
