The median sales price for a single family home sold in July in the US was $260,600 up 6.3 percent from a year ago.
Existing-home sales dropped 1.3% in July from one month prior while new home sales declined 9.4%.
The foot traffic volume index (SAAR) rose 3.4% in August relative to a month earlier, the second consecutive increase.
Staging a home before listing it for sale on the market could have a price increase of up to five or 10 percent.
REALTORS® reported that properties that sold in May–July 2017 were typically on the market for less than 31 days in 29 states and in the District of Columbia.
Sixty-five percent of REALTORS® are licensed as sales agents, 22% as brokers, 15% as broker associates, and 2% as appraisers.
The median annual gross income for all commercial members was $120,800 in 2016, an increase from $108,800 in 2015.
Home prices have been appreciating in the face of tight supply of homes for sale.
A new volume index for foot traffic was created by aggregating the total traffic each month from a panel of REALTOR® boards from across the United States.
A seller leaseback, also called a sale leaseback or rent back, is a transaction in which the seller sells the property and then leases back the property from the new owner.
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