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IRVINE, CA—The share of home sales in the above-$200,000 pricerange increased 10% in August from a year ago, while the share ofhome sales in the $200,000-and-below price range was down 9% inthat time period, according to a report from RealtyTrac. At the same time,home-price appreciation slowed in 18 of 20 of the largest UShousing markets and a total of 63% of all marketslast month as compared to a year ago, the firm reports.
Also, home sales volume seems to be on a downward trend. USresidential properties sold at an estimated annual pace of roughly4.5 million in August, down .5% from the previous month and down16% from a year ago—the fourth consecutive month where annualizedsales volume has decreased on a year-over-year basis, according tothe report.
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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.
