{"id":17541,"date":"2013-08-27T05:29:41","date_gmt":"2013-08-27T12:29:41","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=17541"},"modified":"2020-10-06T12:59:53","modified_gmt":"2020-10-06T19:59:53","slug":"inventory-drops-while-sales-and-prices-rise","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/inventory-drops-while-sales-and-prices-rise\/","title":{"rendered":"Inventory Drops While Sales and Prices Rise"},"content":{"rendered":"<p>Home prices continued their rise in July and sales volume jumped back up from the unexpected June dip. Price per square foot is up 19 percent year over year, but is up only 1.1 percent month-over-month which is the smallest rise in the past five months and is a sign of a cooling off for the housing market. Inventory dropped sharply from June, and is already beginning its seasonal decline.  Although buyers adjusted quickly to the jump in mortgage rates in June and came back to buy more homes in July, August is not predicted to be as strong as previous years.  Read more about the <a href=\"https:\/\/redfin.com\/research\/reports\/2013\/inventory-drops-as-prices-sales-grow.html\">housing market in July 2013<\/a> in our Research Center.<\/p>\n<p><a href=\"https:\/\/redfin.com\/research\/reports\/2013\/inventory-drops-as-prices-sales-grow.html\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/redfin.com\/blog\/wp-content\/uploads\/2013\/08\/2013-07-home-sales-volume-history-300x173.png\" alt=\"2013-07-home-sales-volume-history\" width=\"300\" height=\"173\" class=\"aligncenter size-medium wp-image-17542\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2013\/08\/2013-07-home-sales-volume-history-300x173.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2013\/08\/2013-07-home-sales-volume-history.png 702w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home prices continued their rise in July and sales volume jumped back up from the unexpected June dip. Price per square foot is up 19 percent year over year, but is up only 1.1 percent month-over-month which is the smallest rise in the past five months and is a sign of a cooling off for [&hellip;]<\/p>\n","protected":false},"author":13515,"featured_media":17542,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8,22],"tags":[32],"coauthors":[],"class_list":["post-17541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","category-market-tracker","tag-housing-market-tracker"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Inventory Drops While Sales and Prices Rise - Redfin Real Estate News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/inventory-drops-while-sales-and-prices-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inventory Drops While Sales and Prices Rise\" \/>\n<meta property=\"og:description\" content=\"Home prices continued their rise in July and sales volume jumped back up from the unexpected June dip. Price per square foot is up 19 percent year over year, but is up only 1.1 percent month-over-month which is the smallest rise in the past five months and is a sign of a cooling off for [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/news\/inventory-drops-while-sales-and-prices-rise\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin Real Estate News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2013-08-27T12:29:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-06T19:59:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2013\/08\/2013-07-home-sales-volume-history.png\" \/>\n\t<meta property=\"og:image:width\" content=\"702\" \/>\n\t<meta property=\"og:image:height\" content=\"405\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Tommy Unger\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tommy Unger\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/inventory-drops-while-sales-and-prices-rise\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/inventory-drops-while-sales-and-prices-rise\\\/\"},\"author\":{\"name\":\"Tommy Unger\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/5be2d4f54828abb40e2d3d678f3a5ffb\"},\"headline\":\"Inventory Drops While Sales and Prices Rise\",\"datePublished\":\"2013-08-27T12:29:41+00:00\",\"dateModified\":\"2020-10-06T19:59:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/inventory-drops-while-sales-and-prices-rise\\\/\"},\"wordCount\":119,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/inventory-drops-while-sales-and-prices-rise\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2013\\\/08\\\/2013-07-home-sales-volume-history.png\",\"keywords\":[\"Housing Market Tracker\"],\"articleSection\":[\"Housing Market News\",\"Monthly Market Update\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/inventory-drops-while-sales-and-prices-rise\\\/#respond\"]}],\"copyrightYear\":\"2013\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/inventory-drops-while-sales-and-prices-rise\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/inventory-drops-while-sales-and-prices-rise\\\/\",\"name\":\"Inventory Drops While Sales and Prices Rise - 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