RealtyTrac: Homes sales reach 8-year high

Takeaways:

65 percent of markets analyzed achieved eight-year, first-half highs in terms of sales volume.
Ten major metros reached eight-year sales volume highs.
All-cash sales are still up in a number of markets, despite an overall decline in cash deals nationally.

A total of more than 1.3 million single-family homes and condos sold in the U.S. during the first half of 2015, the highest activity seen in any first half since 2007.

This uptick in sales volume appears to be pushing pricing, as the U.S. median home price reached a seven-year high of $189,500 in July, according to a RealtyTrac U.S. Home Sales Report.

“Housing is successfully transitioning from an investor-driven recovery to one that is drawing in traditional buyers,” said Daren Blomquist, vice president at…