Redfin Real-Time Home Price Tracker: Home Prices Hit Two-Year High in August, Up 5% From 2011

Real-Time Research

Redfin Real-Time Home Price Tracker: Home Prices Hit Two-Year High in August, Up 5% From 2011

National home prices hit a two-year high in August, marking a 5% gain from August 2011 and holding steady month-over-month during a time of year that typically sees a seasonal decline in prices.

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

  • Home prices in August increased 4.9% year over year, and were flat month over month (+0.1%).
  • The number of homes for sale declined 28.5% from August 2011 to August 2012, and by 4.5% since July.
  • Home sales increased 1.4% over last year, but fell 2.5% since July, a typical decline for this time of year.
  • The percentage of listings that sold within 14 days of their debut increased slightly in August, from 26.7% in July to 27.6% 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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