After falling flat in May, asking prices went up in June, while rent prices continued to see significant increases, according to reports from Trulia released Tuesday.
Asking prices on listed homes made a 0.3 percent month-over-month and year-over-year increase in June, according to Trulia’s price monitor. Quarter-over-quarter, asking prices rose by 0.8 percent. When excluding foreclosures, asking prices moved upwards by 0.8 percent from May to June and by 1.7 percent from June 2011. Asking prices are said to lead sales prices by about two to three months.
Read More: Gains in Asking Prices Threatened by Foreclosures, Rent Up Again: Trulia.
Travis Saxton is the marketing and technology manager at REAL Trends. Prior to operating this arm for REAL Trends, Travis was the director of online services for a newspaper consulting company. He greatly enjoys working with real estate companies adapt new cutting edge strategies and perfecting their online presence and systems. He has experience in the following areas: Websites, SEO/SEM, CRM/Lead Generation Systems, Traditional Marketing and Social Media Marketing, Real Estate Technology Consulting.