Linda Franklin

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.