Monthly inventory levels and median prices
Number of listings compared to median prices
|Month||Home inventory||Median listing price|
|Metro||Inventory change||Median listing price change|
|Atlanta-Sandy Springs-Roswell, GA|
|Chicago-Naperville-Arlington Heights, IL|
|Dallas-Plano-Irving, TX||No change|
|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|
|San Diego-Carlsbad, CA||No change|
|San Francisco-Redwood City-South San Francisco, CA|
|Tampa-St. Petersburg-Clearwater, FL||No change|
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
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