Great Second Quarter Results

REAL Trends Housing Market Report 2nd quarter 2010 results

The Northeast region saw the greatest increase in closed housing sales comparing the 2nd quarter of 2010 to the same quarter of 2009. Unit sales were up 29.4 percent in the second quarter in the Northeast. The Midwest had the second biggest increase up 18.9 percent over the 2nd quarter of 2009. Nationally, units were up 17.5 percent in the 2nd quarter of 2010 over the same period of 2009.

Every region showed improvement in prices with the Western region up 10.9 percent in the average price of a home sold in the 2nd quarter of 2010 versus the 2nd quarter of 2009. The Northeast saw an increase of 10.5 percent. The South saw the lowest increase at 1.7 percent. Nationally the average price of a home sold was up 7.6 percent in the 2nd quarter of 2010 versus the 2nd quarter of 2009.

Total volumes of closed business were up 26.5 percent from the 2nd quarter of 2009. The Northeast had the largest gain in closed volume with an increase of 42.9 percent from the 2nd quarter of 2009 to the 2nd quarter of 2010.