U.S. residential properties, including signle family homes and condominiums and townhomes, sold at an estimated annualized pace of 5.6 million in August up 2% month-to-month and 12% year-to-year, according to Realty Trac's August sales report.
Other interesting facts included in the Realty Trac August report are:
- 45% of all residential sales in August were cash purchases, up from 39% in July and 30% year-to-year.
- Amongst Americas major metropliton marketplaces the highest % of cash closings were in Miami (69%), Detroit (68%), Las Vegas (66%), Jacksonville (65%) and Tampa (64%).
- Short sales accounted for 15% of all US residential sales in August, up from 14% in July. Leading way in short sales Nevada (34%), Ohio (17%), Arizona (17%) and Maryland (21%).
- Bank-owned homes made up 10% of all US residential sales in August, up from 9% in July. Leading the way were Nevada, Ohio, Arizona and Michigan.
Posted by Kevin Aizenshtat of Gulf Coast International Properties. Kevin can be reached at 239-777-1451 or [email protected]
Warmest Regards,
Kevin Aizenshtat
Realtor