Home Price Recovery Spreads in June

Home sales and prices grew in June in the vast majority of counties covered by ""DataQuick's"":http://dataquick.com/ monthly Property Intelligence Report (PIR), the company reported.

[IMAGE]

According to the PIR, home sales increased in 40 of the 42 reported counties from May to June. Quarter-over-quarter, 36 counties reported sales growth, while 30 posted improvements year-over-year.

[COLUMN_BREAK]

The only two counties not showing monthly growth in the June PIR were Queens County, New York, and Oakland County, Michigan--which houses the city of Detroit.

Meanwhile, prices grew on a monthly, quarterly, and yearly basis in 40 of the 42 counties. According to DataQuick, June's price data shows an expansion in the number of areas recovering, with Northwest markets such as Seattle and Portland seeing prices rise more than 17 percent annually.

""Despite lingering concern about the continued strength of the recovery, we are beginning to see a pattern of consistent housing growth spreading to more regions across the country,"" said Gordon Crawford, Ph.D., vice president of analytics for DataQuick. ""Last month, we focused on strong housing performance in the Rocky Mountain area, and we are now seeing that same kind of growth in the Northwest. In fact, nearly every market in the report saw home sale improvement of some kind during the month.""