National Housing Market Data

According to Realtor.com’s Monthly Housing Market Trends Report:

• National inventory declined by 38% over the last year.
• Inventory of newly listing properties decline by 7% nationally.
• The national median listing price in October was $350,000, up 12% compared to last year.
• The typical home spent 53 days on the market this October which is 13 days less than last year, and one day less than last month.

Forbes reports,  “For the first time since 2011, homes sold faster in October than September and prices remained at their summer peak of $350,000.”
“Realtor.com®’s October housing data release reveals that sellers returned to the market, as the decline in newly listed properties substantially improved…While the national price growth rate continued to accelerate to historical highs, larger metros saw a slight softening, signalling a small reprieve for buyers in this active autumnal season.”