Buying a home in todays market.

Real Estate Agent with eXp Realty, LLC SL3155221


  • 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.®’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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Comments (2)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Sonia, very good report about buying a home in todays market.

Sep 29, 2020 12:58 PM
Kathy Schowe
California Lifestyle Realty - La Quinta, CA
La Quinta, California 760-333-8886


It is truly a very competitive market right now!  All the more reason to hire an experienced agent!  Good post!  Kathy

Sep 29, 2020 01:35 PM