The National Association of Realtors’ recently released their most recent Existing Home Sales Report, which shows home sales in nearly every price range are up dramatically from this time last year.
As noted in the report, five of the six price ranges tracked saw an increase, with the under $100,000 category showing the only decline, down just over 10% from 2014. And those behind the report are linking an overall lack of inventory in distressed properties on the market with that particular decline, which is a telling sign at just how well the market has recovered since the crash.
As for the other categories, home sales in the $100,000 to $250,000 price range are up 9%, home sales in the $250,000 to $500,000 price range are up an astounding 21.2%, homes