Median home sales price increases

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homesThe median sales price of U.S. Residential properties, including distressed and non-distressed sales was $180,000, up 6 percent from the previous month and up 13 percent from a year ago.

The figures are from RealtyTrac, a leading source for comprehensive housing data.

The median price of distressed sales, those properties in the foreclosure process or bank-owned, was $120,000, 37 percent below the median price of non-distressed properties, $190,000.

Distressed sales and short sales combined accounted for 14.3 percent of all U.S. residential sales in May, down from 15.6 percent of sales in April and down from 15.9 percent of all sales in May 2013.

Sales prices in every price range above $200,000 analyzed in the report increased as a share of total sales, both from the previous month and from a year ago, with the increase generally higher in the higher price ranges.

Distressed sales continue to represent a smaller share of the overall sales pie nationwide, helping to boost median home prices higher given that distressed sales tend to be in lower price ranges,” said Daren Blomquist, vice president at RealtyTrac. “When broken down by average price range, U.S. sales are clearly shifting away from the lower end. Properties selling below $200,000 represented 50 percent of all sales in May, but that was down from a 55 percent share a year ago. Meanwhile, the share of homes selling above $200,000 increased from a 45 percent a year ago to a 50 percent in May 2014.”