Redfin Real-Time Home Price Tracker: June Prices Increased 3.0%, But Sales Slowing

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Redfin is publishing today The Redfin Real-Time Home Price Tracker, the U.S.’s first broad analysis of prices each month; this is the only report that combines data from the local Multiple Listing Services used by real estate agents to list homes and record sales, as well as public records data.

Across 19 major metropolitan markets, June prices increased 3.0% year over year, and 2.6% month over month. The number of homes for sale declined 25.3% from June 2011 to June 2012, and by 2.4% since May.  Sales increased 4.3% over last year, but actually slipped 1.1% since May. The percentage of listings that sold within 14 days of their debut remained steady since May at 28.5%.

Together with Redfin’s other Real-Time Reports, the Price Tracker describes a strengthening market :

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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glenn-kelmanredfin-com

Chief Executive Officer

Glenn is the CEO of Redfin. Prior to joining Redfin, he was a co-founder of Plumtree Software, a Sequoia-backed, publicly traded company that created the enterprise portal software market. Glenn was raised in Seattle and graduated from the University of California, Berkeley. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our Why Redfin page.

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