Last month’s median home price – or price at the midpoint of all sales – jumped to $560,000, a six-year high, DataQuick Information Systems reported Thursday.
That’s up $115,000, or 25.8 percent, from the median home price a year earlier. The gain – the third-biggest percentage jump since 2004 – defies indications that the housing market was starting to cool as more sellers enter the fray.
Prices were up across the board, DataQuick reported. The median price of an existing house increased 20.7 percent, to $625,000. The condo price median was down from the previous four months but up 23.4 percent, to $364,000, from a year earlier.
The median price for newly built homes – houses and condos – was up 28.3 percent, to $707,000.
DataQuick reported that 3,477 homes changed hands last month, up 4.2 percent from August 2012 levels. It was the busiest August in seven years.