IRVINE, CA—RealtyTrac has released its October 2015 U.S. Home Sales Report, which shows that among 94 major metro areas analyzed for the report, 33 markets (35%) have now reached new all-time home price peaks in 2015.
The report also shows that the median sales price of U.S. single family homes and condos in October was $207,500, up 1% from the previous month and up 10% from a year ago — the highest year-over-year percentage increase since February 2014.
The 10% increase in October 2015 came following 20 consecutive months of single-digit annual increases in median home sales prices and marked the 44th consecutive month with a year-over-year increase in median home prices. Despite nearly four years of increases, the U.S. median sales price in October was still 9% below the previous peak of $228,000 in July 2005.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
