- The national inventory of active listings declined by 25.8% over last year, while the total inventory of unsold homes, including pending listings, declined by 13.8%. The inventory of active listings is still down 52.8% compared to 2019.
- Newly listed homes on the market are up 4.3% nationally compared to a year ago, and 5.1% higher for large metros over the past year. Sellers are still listing at rates 8.6% lower than typical 2017 to 2019 levels.
- The August national median listing price for active listings was $380,000, up 8.6% compared to last year and up 19.6% compared to 2019. Large metros saw an average price gain of 3.5% compared to last year.
- Nationally, the typical home spent 39 days on the market in August, much less than the 56 days during the same month in 2020 and 63 days which was typical in the 2017 to 2019 period.
Realtor.com®’s August housing data release reveals that the housing market is continuing to…