Home Prices Continued Upward Trend in Sept.
Posted on October 19, 2012 by Corey Hart
Oct

19

2012

According to the NAR's Existing-Home Sales Report for September, the national real estate market continued to show signs of improvement last month. Existing-home sales declined modestly, but inventory continued to tighten and the national median home price recorded its seventh back-to-back monthly increase from a year earlier,

The upward trend in pricing nationally aligns with the local trends reported in our local September Housing Market Update for the DC Metro region.

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DC Metro Area, market analysis, nar
Mid-Atlantic Inventory Level Follows National Trend (Continued Shrinkage)
Posted on November 21, 2011 by Corey Hart
Nov

21

2011

In the interest of saving keystrokes, we'll go ahead and quote directly from NAR's Economists' Outlook post regarding national inventory trends... 

 

"The total homes listed for sale continue to move downward.  The latest decline in October to 3.33 million was partly seasonal, as autumn and winter months nearly always have fewer listings in comparison with spring and summer months.  Still, examining listings only in the month of October (so as to get an apple-to-apple comparison), this year saw the lowest inventory since 2005."

Lawrence Yun - Chief Economist, NAR

 

Click here to see national inventory trends for October going back to 2001. Here's a chart listing the existing home inventory levels for the MRIS footprint, Baltimore Metro, and DC Metro regions.  Refer to Mr. Yun's summary above when looking at our local chart below...

 

 

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market analysis, nar

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