RealtyTrac : U.S. Median Home Price In November Climbs 15%, Flat Sequentially

(RTTNews) - RealtyTrac, a source for comprehensive housing data, Wednesday said the median sales price of U.S. single family homes and condos in November was $190,000, flat with the previous month but up 15 percent from last year.

Releasing its November 2014 Residential & Foreclosure Sales Report, the market researcher said the median sales price of distressed homes -- those in the foreclosure process or bank-owned -- reached $128,625, the highest since December 2009. This was 35 percent below the median sales price of non-distressed properties, $199,000.

Distressed home prices increased at a faster pace, up 18 percent from a year ago while non-distressed home prices climbed 14 percent during the same time period.

Daren Blomquist, vice president at RealtyTrac, said, "As the price of distressed properties reaches a new high the pool of investor activity that has been fueling the housing recovery may dry up. However, 20 states still saw annual decreases in distressed property prices so we will continue to see a fragmented recovery as investors move from once hot markets such as Phoenix, Atlanta and many California markets and into markets such as Charlotte, Columbus, Ohio, Dallas and Oklahoma City."