Zillow says home sales down, home sales up
Zillow has just released its Q2 Real Estate Market Report, concluding that while June U.S. home sales were up 3.8 percent over May numbers, they were 23.7 percent lower than in June 2008. Home values fell for the tenth consecutive quarter, now down more than 12 percent from Q208. Foreclosure sales were 22 percent of June’s U.S. home sales. In its study of 165 markets, Zillow found a slight increase in home sales in some of the hardest-hit real estate markets such as Phoenix and Los Angeles.
We’ve talked about real estate site Zillow quite a bit. Click here and here for the latest.
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