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Northeast & West Homes Sales Up

Posted by Breckenridge Associates Real Estate on Wednesday, May 27th, 2009 at 2:08pm.

The National Association of Realtors has released the following information regarding existing-home sales across the country. This focuses on general regions - Northeast, Midwest, South and West. The Northeast and West have seen an improvement year over year in home sales.
  • Northeast: jumped 11.6 percent to an annual pace of 770,000 in April, but are 10.5 percent below April 2008. Median price: $237,400, which is 9.6 percent lower than a year ago.
  • Midwest: slipped 2 percent in April to a level of 1.00 million and are 9.9 percent lower than a year ago. Median price: $138,800, down 11.7 percent from April 2008.
  • South: increased 1.8 percent to an annual pace of 1.74 million in April but are 8.9 percent lower than April 2008. Median price: $148,000, which is 12.8 percent below a year ago.
  • West: rose 3.5 percent to an annual rate of 1.17 million in April and are 19.4 percent higher than a year ago. Median price: $222,600, down 21.8 percent from April 2008.
Read the full report at www.realtor.org/RMODaily.nsf/pages/News2009052701?OpenDocument

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