Monthly housing trends
Inventory levels compared to listing price
|Month||Home inventory||Median listing price|
|Metro||Inventory change||Median listing price change|
|Atlanta-Sandy Springs-Roswell, GA|
|Chicago-Naperville-Arlington Heights, IL|
|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|
|San Francisco-Redwood City-South San Francisco, CA|
|Tampa-St. Petersburg-Clearwater, FL|
Although median listing prices increased in 2018, market supply could reduce future gains.1 List prices rose almost $25,000 in 2018 to reach $294,634 by January 2019. However, the year-over-year number of active listings remained steady stabilizing around 660,000.
Home inventory peaked in September 2018 to 816,545 active listings. Prices spiked in June and July 2018 to $299,467, which may be due to higher summer demand.
In 18 major metropolitan areas, the number of active listings increased in 14. With the exception of two markets, prices also jumped. It is possible that this rise in supply could eventually drag down price increases. San Diego-Carlsbad, California, had the largest inventory gain, jumping to 40.75%. Detroit-Dearborn-Livonia, Michigan, saw the biggest price boost, rising by 28.92%.
1Source data: CoreLogic®
Data date: 3/21/2019
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