Highlights from the report include:
- Home prices have remained stagnant since the beginning of 2009- while there were seasonal periods of strength sine then, overall the trend has been relatively flat.
- Property sales in the 25 metros covered by the index increased in May by 41 percent from the year before.
- Motivated sales decreased as a percent of total sales on a year-over-year basis but still accounted for 24 percent of home sales (RPX does not include short-sales in this number).
- Since January 2009 sales has increased in the 25 metros covered by 45 percent.
- Only nine of the 25 metros tracked by Radar Logic showed annual price improvement. Only 20 showed month-over-month improvement.
The 25 metro areas that make up the Radar Logic composite index are: Atlanta, Boston, Chicago, Charlotte, Cleveland, Columbus, Detroit, Denver, Jacksonville, Los Angeles, Las Vegas, Miami, Minneapolis, Milwaukee, New York, Philadelphia, Phoenix, Sacramento, Seattle, San Francisco, San Diego, San Jose, St. Louis, Tampa and Washington, D.C.