BrokerageIndustry News

Realtor.com reports 7% jump in US median list price

For-sale housing inventory drops 22%, near a 2-year low

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Median list prices jumped 1 percent or more on a year-over-year basis in February for about 73 percent of the 146 markets tracked in a report released this week by Realtor.com. On a national basis, the median list price rose about 7 percent year over year in February.Among the top 10 markets for the highest year-over-year hike in list prices in February, seven were in Florida -- Miami topped the chart with a 26.2 percent increase, according to the report. Realtor.com also reported that the inventory of U.S. for-sale housing dropped 22.02 percent from a year ago, according to site data updated through February.The company also reported that median age of inventory for homes posted on the site fell 9.76 percent year over year, with the median list price rising 6.82 percent. "The nation's housing markets as a whole are in better shape today than at any time since the 2009-2010 tax credits," according to a statement by Realtor.com that accompanied the data's release. ...