DAILY REAL ESTATE NEWS FROM REALTOR.COM | THURSDAY, AUGUST 07, 2014
Ten metros are standing out for strong price appreciation, housing inventory increases, and a rise in home sales that are far outpacing the more moderate gains in the national housing market, according to realtor.com®'s National Housing Trend Report for June.
"National housing trends are masking some of the excitement we're seeing in individual markets," says Jonathan Smoke, realtor.com®'s new chief economist. "For the last two years, listing shortages constrained home sales and frustrated buyer demand. Our June data shows monthly inventory picking up in markets already experiencing price increases and fast property turnover. These dynamics will result in strong home sales and extend the buying season past the usual June/July peak to later in the third quarter."
Reno, Nev., has seen the largest year-over-year increase in home prices — nearly 18.5 percent — while homes in Charlotte, N.C., are selling 14 days faster than a year ago, at a median of 64 days, according to realtor.com®'s report.More Good News
Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog. For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.
