Week of November 5, 2018

Monthly inventory levels and median prices

Number of listings compared to median prices

Number of listings compared to median prices
Show: Hide: View full data
Month Home inventory Median listing price
Sep-2017 754,201 $290,267
Oct-2017 729,347 $288,600
Nov-2017 679,150 $284,933
Dec-2017 638,912 $283,300
Jan-2018 618,339 $286,300
Feb-2018 633,688 $292,967
Mar-2018 658,278 $302,204
Apr-2018 690,136 $310,837
May-2018 721,798 $317,537
Jun-2018 742,658 $320,087
Jul-2018 746,139 $319,499
Aug-2018 744,088 $319,248

  Metro   Inventory change Median listing price change
Atlanta-Sandy Springs-Roswell, GA
Boston, MA
Charlotte-Concord-Gastonia, NC-SC
Chicago-Naperville-Arlington Heights, IL
Cleveland, TN
Cleveland-Elyria, OH
Dallas-Plano-Irving, TX No change
Denver-Aurora-Lakewood, CO
Detroit-Dearborn-Livonia, MI
Las Vegas-Henderson-Paradise, NV
Los Angeles-Long Beach-Glendale, CA
Miami-Miami Beach-Kendall, FL
Minneapolis-St. Paul-Bloomington, MN-WI
New York-Jersey City-White Plains, NY-NJ
Portland-Vancouver-Hillsboro, OR-WA
San Diego-Carlsbad, CA No change
San Francisco-Redwood City-South San Francisco, CA
Seattle-Bellevue-Everett, WA N/A
Tampa-St. Petersburg-Clearwater, FL No change
Washington-Arlington-Alexandria, DC-VA-MD-WV

This graph compares the number of home listings to the median listing price from September 2017 to August 2018. Both home inventory and median listing price dropped after September 2017, but began to increase after January 2018, and then dropped again after July 2018.

Home inventory reached 746,139 in July 2018, which is slightly lower than last September. The national median listing price reached 320,087 in June 2018, about 10.3% higher than last September. The data shows that the market was hot probably due to low interest rates and high demand.

A closer look at trends in inventory and listings price in major metropolitan areas reveals that home inventory increased in more than half of the major metro areas, in which median listing prices decreased, with some exceptions. This trend may be the result of more popular homes being sold and the remaining homes lowering their prices to try to encourage buyers.1

1Source data: CoreLogic®
Data date: 09/25/2018

This publication is provided for your convenience and information only. Bank of America, N.A. assumes no liability for loss or damage as a result of your reliance on information in this publication. Photos are for illustration purposes only and are not to be construed as an endorsement of a particular product or company. Unless expressly disclosed otherwise, Bank of America, N.A. is not affiliated with or responsible for the products or services of any company that may be mentioned or depicted in this publication. Our goal is for the contents of this publication to be accurate as of the date this issue was printed. However, we do not guarantee that any content is accurate or complete.

More from this week's issue