United States Housing Market
Home prices nationwide were up 2.9% year-over-year in August. At the same time, the number of homes sold fell 13.5% and the number of homes for sale fell 17.5%.
Home prices nationwide were up 2.9% year-over-year in August. At the same time, the number of homes sold fell 13.5% and the number of homes for sale fell 17.5%.
How competitive is the market?
Homes that sold above list price likely received multiple offers. A high or growing percentage of homes selling above list price indicates that the housing market is competitive and bidding wars are becoming more common. A low or shrinking percentage of homes selling above list price suggests that the market is becoming less competitive.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jul '23 - Sep '23 | ||
1 | 4,800 | ||
2 | 4,500 | ||
3 | 4,000 | ||
4 | 3,800 | ||
5 | 3,700 | ||
6 | 3,500 | ||
7 | 3,400 | ||
8 | 3,300 | ||
9 | 3,200 | ||
10 | 3,100 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jul '23 - Sep '23 | ||
1 | 25,800 | ||
2 | 25,300 | ||
3 | 20,200 | ||
4 | 13,900 | ||
5 | 5,400 | ||
6 | 4,800 | ||
7 | 4,300 | ||
8 | 3,300 | ||
9 | 2,200 | ||
10 | 2,000 |