For decades, the South has had the largest number of housing units and owner-occupied housing units. As the South’s share of population has increased over the last decade, so too has its contribution to home sales nationally.
While all regions showed year over year sales growth in the data released today, the South showed the strongest growth at around 15% which helped boost national sales growth to nearly 10 percent above one year ago.
By price, the South is the 3rd most expensive compared to other regions with an April 2013 median price of $168,700.
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