The median price of residential properties – including both distressed and non-distressed sales. “The nationwide
home price increase, however, masks slowing home price appreciation in the majority of housing markets across the country. This slowing appreciation was expected and provides another sign that the real estate recovery thus far is behaving rationally. The housing market is entering a dicey transition phase where it is becoming much more reliant on first-time home buyers and move-up buyers to sustain the recovery as investor involvement wanes. The median price of U.S. residential properties sold in July — including both distressed and non-distressed sales — was $191,000, up 3 percent from the previous month, read more.
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