BrokerageIndustry News

Top 10 metros with largest drop in for-sale inventory in July

Asking prices rise 2.6 percent nationwide
Published on Aug 16, 2012

Editor's note: These numbers come from Realtor.com's July 2012 Real Estate Trend Data Report. The report covers 146 U.S. metros and includes single-family homes, condos, townhomes and co-ops. The number of for-sale real estate listings continued to drop on an annual basis in July, falling 19.3 percent from July 2011 to a total of 1.87 million listings nationwide, according to Realtor.com data through July 2012. This trend, along with a 2.6 percent year-over-year median list price increase last month to $194,900, points to some stability in the nascent housing recovery that's slowly settled in this year. The nationwide median age of inventory, down 9.3 percent from a year ago, climbed four days from June to 88 days, mirroring previous years' trends of increases toward the end of the spring buying season. Data point Percent change, July 2011 to July 2012 July 2012 value Number of listings -19.3% 1.87 million Median...

Comments