Redfin Real-Time Home Price Tracker: July Home Prices Up 3% From 2011; Low Inventory Continues to Stifle Sales

Real-Time Research

Redfin Real-Time Home Price Tracker: July Home Prices Up 3% From 2011; Low Inventory Continues to Stifle Sales

Following is a summary of key metrics across 19 major metropolitan markets:

  • Home prices in July increased 3.2% year over year, and were flat month over month (-0.1%).
  • The number of homes for sale declined 28.1% from July 2011 to July 2012, and by 5.0% since June.
  • Home sales increased 6.8% over last year, but fell 12.4% since June, a typical decline for this time of year.
  • The percentage of listings that sold within 14 days of their debut increased slightly in July, from 26.7% in June to 27.8% last month.

For the full report including data tables, charts, and a downloadable spreadsheet with historic data, visit the Real-Time Price Tracker in Redfin’s Research Center.

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