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September Demand Was Strong despite Rate Hikes

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Another key indicator of the strength of the housing market, the sales-to-list price ratio for non-distressed properties, was 97.5 percent in the September HousingPulse results. A year earlier, the sales-to-list price ratio was 96.1 percent.

The housing market also is continuing to see fewer distressed properties. The HousingPulse Distressed Properties Index, which reflects the share of home purchases involving real estate owned or short sales, fell to a four-year low of 24.6 percent in September based on a three-month moving average. A year ago the index stood at 35.7 percent.

For more information, visit www.realestateeconomywatch.com.

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