United States Housing Market
Home prices nationwide were up 4.8% year-over-year in March. At the same time, the number of homes sold fell 9.52% and the number of homes for sale rose 4.5%.
Home prices nationwide were up 4.8% year-over-year in March. At the same time, the number of homes sold fell 9.52% and the number of homes for sale rose 4.5%.
How competitive is the market?
Homes that sold above list price likely received multiple offers. A high or growing percentage of homes selling above list price indicates that the housing market is competitive and bidding wars are becoming more common. A low or shrinking percentage of homes selling above list price suggests that the market is becoming less competitive.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 6,300 | ||
2 | 5,600 | ||
3 | 5,500 | ||
4 | 5,500 | ||
5 | 5,300 | ||
6 | 4,700 | ||
7 | 4,200 | ||
8 | 3,800 | ||
9 | 3,700 | ||
10 | 3,500 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 32,100 | ||
2 | 29,900 | ||
3 | 28,000 | ||
4 | 19,700 | ||
5 | 16,100 | ||
6 | 10,500 | ||
7 | 6,900 | ||
8 | 4,100 | ||
9 | 3,600 | ||
10 | 2,000 |