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Purchases dropped 2.7 percent in August to a 5.1 million annual rate, while the median priced dropped 12.5% from August 2008.
As can be seen in the data below the lower end of the market (much of which is distressed) has seen the most activity Year-Over-Year, while the mid-upper end of the market has seen sharp declines in activity.
August Regional Existing Home Sales by Price Class
Existing Single Family Home Sales Year-Over Year Percent |
| REGION | $0-100K | $100-250K | $250-500K | $500-750K | $750-1M | $1M-2M | $2M+ |
| Northeast | 8.8% | 14.4% | 0.0% | -13.4% | -18.4% | -23.7% | -54.3% |
| Midwest | 3.8% | 2.2% | -8.1% | -32.2% | -27.5% | -31.5% | -45.7% |
| South | 20.9% | -0.2% | -11.0% | -12.5% | -6.8% | -17.3% | -47.7% |
| West | 152.3% | 10.8% | -16.6% | -10.9% | -33.6% | -20.9% | -8.0% |
| U.S. | 20.9% | 4.9% | -9.6% | -14.7% | -22.5% | -22.1% | -39.1% |
August Regional Existing Home Sales by Price Class |
Existing Single Family Home Sales Sales Distribution (August 2009) |
| REGION | $0-100K | $100-250K | $250-500K | $500-750K | $750-1M | $1M-2M | $2M+ |
| U.S | 20.9% | 48.3% | 23.1% | 5.3% | 1.3% | 1.0% | 0.2% |
Eric P. Egeland
RE/MAX UNITED
DeerfieldsAgent.com
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5+ Years of Experience Servicing the North Shore, Northwest Suburbs, & the northside of Chicago. REO expert.
Eric has been practicing Real Estate since 2002. Eric started his Real Estate career with Coldwell Banker & made the change to RE/MAX where he is now the Top Producing Agent. Eric graduated from the University of Illinois (Urbana-Champain) in 1996. After graduating Eric began a career trading financial derivatives. In 2002 Eric made a transition from the financial world to Real Estate. It has been a great fit for Eric because he can not only apply his understanding of finance, but he also has a great background in Construction as well. Eric is the son of a general contractor and spent many summers as a young adult building and remodeling homes. If a well-rounded Realtor is what you are looking for, Eric is the professional you need.
Member of North Shore/Barrington Association of Realtors
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