Inventories of Existing Homes for Sale Jumped 14.2 Percent in April 2014 According to Realtor.com

As the Spring selling season gears up, expectant home sellers are listing their homes in larger numbers not seen in a few years—and that is good news for buyers. Realtor.com® reports monthly on listing metrics for 146 separate markets across the country.

In the latest April data, Realtor.com reports:

  • Total listings are up 14.2 percent year-over-year
  • The median asking price nationwide is $207,500, up 6.5 percent from a year ago
  • The typical home has been on the market for median 86 days, up 6.2 percent from a year ago
  • Median listing prices are down year-over-year in just 15 of the 146 markets tracked by Realtor.com (10.3 percent)
  • The number of markets with fewer listings in April 2014 compared to April 2013 totals 32 – or 21.9 percent

The markets with the largest increase in listing inventory are ranked in the following table.

5-30-14a table
To read the entire Realtor.com report including information details on 146 markets, click http://www.realtor.com/data-portal/realestatestatistics

Buyers in many markets have had very limited inventory – for them, this welcome information. It also should slow the pace of price appreciation.

Ted

Leave a Reply