United States Housing Market

Home prices nationwide were up 3.0% year-over-year in August. At the same time, the number of homes sold fell 3.9% and the number of homes for sale rose 16.1%.

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U.S. Housing Supply

Are there enough homes for sale to meet buyer demand?

In August 2024, there were 1,832,408 homes for sale in the United States, up 16.1% yearover year. The number of newly listed homes was 559,592 and down 0.58% year over year.The median days on the market was 37 days, up 7 year over year.The average months of supply is 3 months, up 0 year over year. …

The direction and pace at which housing supply changes indicate whether the options for buyers are increasing or decreasing. Theycan also indicate whether homes are lingering on the market or being sold faster than sellers are listing them. There are currently 1,832,408 residential homes for sale in the United States.…

# of Homes for Sale

(All Home Types)

1,832,408

+16.1% YoY | Aug 2024

Based on Redfin calculations of home data from MLS and/or public records.

What does this mean?

The direction and pace at which housing supply changes indicate whether the options for buyers are increasing or decreasing. They can also indicate whether homes are lingering on the market or being sold faster than sellers are listing them. There are currently 1,832,408 residential homes for sale in the United States.

Location

Data

Aug 2024

Growth

% YoY

1,832,408

+16.1%

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United States Housing Market

U.S. Housing Supply

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