RealtyTrac has released its October 2015 U.S. Home Sales Report, which shows that among 94 major metro areas analyzed for the report, 33 markets (35%) have now reached new all-time home price peaks in 2015.
The report also shows that the median sales price of U.S. single family homes and condos in October was $207,500, up 1% from the previous month and up 10% from a year ago the highest year-over-year percentage increase since February 2014.
The 10% increase in October 2015 came following 20 consecutive months of single-digit annual increases in median home sales prices and marked the 44th consecutive month with a year-over-year increase in median home prices. Despite nearly four years of increases, the U.S. median sales price in October was still 9% below the previous peak of $228,000 in July 2005.
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