- National inventory declined by 36.4 percent year-over-year, and inventory in large markets decreased by 38.1 percent.
- The inventory of newly listed properties declined by 11.8 percent nationally over the past year, and 11.4 percent in large markets
- The August national median listing price was $350,000, up 10.1 percent year-over-year. Prices rose 8.9 percent in larger markets.
- Nationally, the typical home spent 56 days on the market in August, five days less than the same time last year. In larger markets, the typical home also spent seven days less on the market compared to last year.
Realtor.com®’s August housing data release reveals that a hot late-summer housing market has pushed home listing prices into double-digit growth territory for the first time since 2017. Homes continue to be quickly sold as pent-up buyer demand eats away at a small inventory of homes for sale, and sellers are still slow to bring new homes onto the market.
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