Vacation home sales strong in 2012 - WRBL

Vacation home sales strong in 2012

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U.S. -

A new report says vacation home sales were up for a second year in a row in 2012.

The National Association of Realtors says vacation home sales were up by more than 10 percent last year, accounting for 11 percent of all home sales.

And a surge in demand helped lift median vacation home prices by 24 percent year over year, to $150,000.

The association says vacation home sales were propelled by a strong stock market, growing demand and limited inventory.     

 

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