Week of August 20, 2018

Monthly housing demand trends

Sales compared to average days on market

Sales compared to average days on market
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Month Home sales Average days on market
05/2017 601,012 104
06/2017 638,070 103
07/2017 545,501 104
08/2017 592,869 107
09/2017 506,189 110
10/2017 511,226 114
11/2017 475,222 121
12/2017 458,695 125
01/2018 376,718 126
02/2018 386,597 122
03/2018 503,044 117
04/2018 505,698 113

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  Metro   Sales change Average days on market change
Atlanta-Sandy Springs-Roswell, GA decrease decrease
Boston, MA increase decrease
Charlotte-Concord-Gastonia, NC-SC increase decrease
Chicago-Naperville-Arlington Heights, IL increase decrease
Cleveland-Elyria, OH increase decrease
Dallas-Plano-Irving, TX decrease decrease
Denver-Aurora-Lakewood, CO increase decrease
Detroit-Dearborn-Livonia, MI decrease decrease
Las Vegas-Henderson-Paradise, NV decrease decrease
Los Angeles-Long Beach-Glendale, CA decrease decrease
Miami-Miami Beach-Kendall, FL increase increase
Minneapolis-St. Paul-Bloomington, MN-WI increase decrease
New York-Jersey City-White Plains, NY-NJ decrease decrease
Phoenix-Mesa-Scottsdale, AZ increase increase
Portland-Vancouver-Hillsboro, OR-WA increase decrease
San Diego-Carlsbad, CA decrease decrease
San Francisco-Redwood City-South San Francisco, CA decrease decrease
Tampa-St. Petersburg-Clearwater, FL decrease decrease

The graph provides a look at the change in the actual number of home sales and average days on market from May 2017 to April 2018 across the United States.

Home sales fell in the winter months and then rose in the spring months, likely due to seasonality. Average days on market fell from January to April as a result of high demand in the spring.

Month-over-month changes in average days on market fell in most areas except for Miami and Phoenix. According to the data, San Francisco areas had the shortest average days on market from March to April 2018.1

1Source data: CoreLogic®
Data date: 07/25/2018

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