Though the report showed year-over-year declines in home sales volumes and median sales prices for the national real estate market, conditions improved between May and June 2011, with sales up 7.4 percent and median prices up 4.5 percent. In addition, 20 of 53 metro areas considered by Re/Max saw double-digit increases in sales. Many of these cities were in the Northeast, including Burlington, Vermont (+32.2 percent), New York City (+27.9) and Boston (+26.6).
The Northeast also saw some of the nation's most significant increases in house prices. Pittsburgh, Pennsylvania saw a year-over-year price increase of 6.6 percent, and Hartford, Connecticut, experienced a year-over-year increase of 3.7 percent.
Re/Max also singled out Des Moines, Iowa, which had a year-over-year sales price increase of 3.2 percent. A recent Des Moines Area Association of Realtors report stated June 2011 house sales went up 15 percent from May, while average sales price increased from $158,226 to $175,203.
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