Are you up on the latest in real estate trends that could spice up your sales? Realtor.com data for early fall shows sellers still have a hot advantage, but it’s cooling slightly in favor of buyers. What else is registering on the thermometer?
Like a heat wave!
Though typically this time of year inventory and demand peak with the start of the school year, this fall’s inventory is continuing to grow.
Feelin’ hot-hot-hot!
Overall demand is still strong, but real estate trends on median days on the market suggest the market is finding more of a balance. A boon for would-be buyers who had to chill-out on buying a home this spring and summer due to lack of inventory.
Gonna make you sweat:
- The first 3 weeks of August listings inventory grew 3% over July.
- Median list price increased ($233,000) – up 8% year over year.
- Median days on the market increased to 75 days (a shift in favor of buyers).
- The metric is down 6% year over year (translation: the market is hot).
- A 6% month-over-month gain indicates the slower movement of inventory than earlier in the spring and summer.
The hottest markets?
Inventory in these medium to large size markets is moving with 1.8-3 times more views than the national average, and selling around 29 to 48 days more quickly than homes in other markets of the U.S.:
- San Francisco, CA
- Dallas, TX
- Denver, CO
- Vallejo, CA
- Santa Rosa, CA
- San Jose, CA
- San Diego, CA
- Midland, TX
- Sacramento, CA
- Columbus, OH
- Ann Arbor, MI
- Santa Cruz, CA
- Detroit, MI
- Los Angeles, CA
- Oxnard, CA
- Stockton, CA
- Yuba City, CA
- Austin, TX
- San Antonio, TX
- Nashville, TN
We didn’t start the fire. We just spread the word. Fan the flames: Heat up your sales with the 4-1-1 on the latest real estate trends, only at Properties Online.
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