Several more metro areas are now reporting strong double-digit gains in both June home sales and home prices:
1. "Seattle-area house prices saw a double-digit increase in June
first time that's happened in nearly five years. The median price of single-family homes sold last month was $380,000, up 10.1 percent from June 2011
. It was the third straight month of year-over-year price increases,
and by far the largest change. The last time the median rose by more
than 10 percent was in July 2007
, when it hit an all-time high of
Sales volumes were strong in June. Buyers closed on 2,117 houses in
King County, the listing service said — 3 percent more than in May,
which had been the best month since August 2007.
When compared with June 2011, house sales were up 12 percent
, condo sales up 16 percent."
2. In the 13-county Pittsburgh-region
number of residential homes placed under agreement increased 18.6% in June 2012
versus June 2011, while
average home sale price increased 13%
: Add Denver to the list
of hot real estate markets, with a 20% increase in June home sales and a 12% increase in price.