May 2013 State of the Market: Prices Reach Highest Levels Since 2010
David Cross in Market Trends • 0 comments May 3, 2013
Home prices continue to soar as the country sees a limited amount of for-sale housing inventory on the market.
Home prices continue to soar as the country sees a limited amount of for-sale housing inventory on the market.
Our most recent State of the Market report shows that inventory is once again down, causing home prices to soar.
California housing inventory continues to decrease at a pace much fast than the rest of the country. The top 5 metros have lost over 75% of their active inventory in 5 years.
Housing inventory continued to decline in March. Our analysis shows the number of homes for sale has dropped by almost 20 percent compared to last year.
The California real estate market has been acting crazy for over a year now. See why prices are way up and inventory is way down. It’s now definitely a seller’s market.
The county’s housing inventory has fallen to its lowest point in three years. We have six reasons why the housing bubble made it nearly impossible for first-time home buyers find their dream house.
The major storyline of 2012 was that inventory drastically fell throughout the year, and as a result the median price per square foot for homes increased steadily.
Based on the latest data from Movoto Real Estate, now is a decent time–but maybe not the ideal moment–to look at selling or purchasing a home in Portland. Local housing trends show The City of Roses is in a fairly healthy state, with total inventory down as price per square foot remains stable.
If you’re considering buying in San Francisco, you might want to rethink your plan. Fog City is facing what we at Movoto Real Estate like to call one huge friggin’ housing bubble, with numbers falling across the board for potential home buyers.
Movoto Real Estate recently uncovered that houses are selling at a faster rate than they were a year ago. We looked at nine of the 10 largest cities in the country, and found that compared to a year ago, houses sell 12 days faster.