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.