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.
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.