FortuneBuilders’ CEO Than Merrill shares some interesting stats and trends for real estate in 2015. Highlights include:
A 10.4% increase in total existing-home sales.
A 5.7% increase in the median price.
A reduction in distressed sales, with foreclosures and short sales dropping from 14% of all home sales to just 10%.
40% of all homes are sold within 30 days.
The average price is up 28.2% in the past 3 years.