"In addition to seeing inventory levels rise to heights not seen since before the pandemic, buyers are also seeing sellers cut prices on a much larger share of homes than last year," said Realtor® Senior Economist Ralph McLaughlin. "These are signs that the housing market is healing from an unhealthy state and becoming more balanced."
Additional details and full analysis of the market inventory levels and additional trends in listing prices and more can be found in the Realtor ®
July Monthly Housing Report .
Metro Area |
Median Listing Price |
Median Listing Price YoY |
Median Listing Price per Sq. Ft. YoY |
Median Listing Price vs July 2019 |
Median Listing Price per Sq. Ft. vs 2019 |
Atlanta-Sandy Springs-Alpharetta, Ga. |
$424,500 |
-2.4 % |
1.3 % |
30.6 % |
52.4 % |
Austin-Round Rock-Georgetown, Texas |
$539,530 |
-6.2 % |
-3.4 % |
48.2 % |
60.3 % |
Baltimore-Columbia-Towson, Md. |
$373,750 |
-0.3 % |
1.8 % |
10.8 % |
27.2 % |
Birmingham-Hoover, Ala. |
$304,998 |
2.0 % |
1.3 % |
13.2 % |
26.5 % |
Boston-Cambridge-Newton, Mass.-N.H. |
$868,950 |
2.2 % |
3.2 % |
44.8 % |
63.3 % |
Buffalo-Cheektowaga, N.Y. |
$289,900 |
8.2 % |
6.2 % |
31.8 % |
43.5 % |
Charlotte-Concord-Gastonia, N.C.-S.C. |
$439,400 |
-0.1 % |
2.8 % |
25.6 % |
56.9 % |
Chicago-Naperville-Elgin, Ill.-Ind.-Wis. |
$399,000 |
2.6 % |
4.0 % |
20.9 % |
32.7 % |
Cincinnati, Ohio-Ky.-Ind. |
$362,450 |
-5.5 % |
3.1 % |
28.3 % |
49.5 % |
Cleveland-Elyria, Ohio |
$272,450 |
11.2 % |
11.4 % |
33.0 % |
33.2 % |
Columbus, Ohio |
$356,500 |
-10.7 % |
4.6 % |
11.1 % |
52.4 % |
Dallas-Fort Worth-Arlington, Texas |
$450,000 |
-4.3 % |
0.2 % |
26.7 % |
44.2 % |
Denver-Aurora-Lakewood, Colo. |
$627,450 |
-7.0 % |
2.2 % |
25.5 % |
46.7 % |
Detroit-Warren-Dearborn, Mich. |
$279,950 |
4.1 % |
5.2 % |
7.7 % |
30.0 % |
Hartford-East Hartford-Middletown, Conn. |
$444,000 |
2.1 % |
14.1 % |
48.3 % |
65.1 % |
Houston-The Woodlands-Sugar Land, Texas |
$374,938 |
-0.3 % |
-0.1 % |
18.1 % |
38.5 % |
Indianapolis-Carmel-Anderson, Ind. |
$341,000 |
-1.8 % |
3.9 % |
21.8 % |
54.0 % |
Jacksonville, Fla. |
$419,000 |
-3.7 % |
-1.0 % |
36.0 % |
53.0 % |
Kansas City, Mo.-Kan. |
$410,000 |
-7.7 % |
-2.1 % |
32.3 % |
46.8 % |
Las Vegas-Henderson-Paradise, Nev. |
$479,950 |
4.4 % |
6.6 % |
47.7 % |
56.3 % |
Los Angeles-Long Beach-Anaheim, Calif. |
$1,225,434 |
2.5 % |
4.1 % |
47.7 % |
52.7 % |
Louisville/Jefferson County, Ky.-Ind. |
$337,400 |
3.8 % |
3.1 % |
21.0 % |
42.1 % |
Memphis, Tenn.-Miss.-Ark. |
$347,175 |
6.8 % |
1.2 % |
50.2 % |
62.9 % |
Miami-Fort Lauderdale-Pompano Beach, Fla. |
$535,000 |
-11.0 % |
-8.7 % |
33.8 % |
45.9 % |
Milwaukee-Waukesha, Wis. |
$400,000 |
6.7 % |
6.5 % |
42.0 % |
43.9 % |
Minneapolis-St. Paul-Bloomington, Minn.-Wis. |
$456,495 |
-1.0 % |
2.2 % |
29.7 % |
35.3 % |
Nashville-Davidson-Murfreesboro-Franklin, Tenn. |
$568,900 |
-4.4 % |
2.5 % |
51.7 % |
65.6 % |
New Orleans-Metairie, La. |
$329,000 |
-3.2 % |
-2.8 % |
13.5 % |
25.5 % |
New York-Newark-Jersey City, N.Y.-N.J.-Pa. |
$777,000 |
5.4 % |
7.2 % |
35.1 % |
78.3 % |
Oklahoma City, Okla. |
$325,903 |
-6.1 % |
0.0 % |
27.6 % |
44.0 % |
Orlando-Kissimmee-Sanford, Fla. |
$442,241 |
-3.8 % |
-0.1 % |
37.3 % |
54.4 % |
Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md. |
$389,950 |
11.4 % |
7.9 % |
36.3 % |
53.1 % |
Phoenix-Mesa-Chandler, Ariz. |
$528,450 |
-2.1 % |
-0.7 % |
38.1 % |
54.0 % |
Pittsburgh, Pa. |
$250,000 |
0.4 % |
6.4 % |
25.1 % |
29.5 % |
Portland-Vancouver-Hillsboro, Ore.-Wash. |
$625,000 |
-2.3 % |
1.6 % |
31.6 % |
41.1 % |
Providence-Warwick, R.I.-Mass. |
$599,450 |
9.0 % |
8.2 % |
54.8 % |
49.7 % |
Raleigh-Cary, N.C. |
$464,012 |
-1.3 % |
2.6 % |
23.7 % |
52.1 % |
Richmond, Va. |
$466,713 |
6.1 % |
5.3 % |
40.4 % |
58.2 % |
Riverside-San Bernardino-Ontario, Calif. |
$600,000 |
2.6 % |
4.6 % |
43.2 % |
61.0 % |
Rochester, N.Y. |
$299,900 |
15.6 % |
15.2 % |
30.7 % |
43.6 % |
Sacramento-Roseville-Folsom, Calif. |
$652,500 |
-3.5 % |
3.0 % |
30.7 % |
40.0 % |
San Antonio-New Braunfels, Texas |
$349,898 |
-4.1 % |
-2.9 % |
19.2 % |
38.1 % |
San Diego-Chula Vista-Carlsbad, Calif. |
$1,038,750 |
-5.4 % |
3.7 % |
45.9 % |
64.8 % |
San Francisco-Oakland-Berkeley, Calif. |
$973,875 |
-11.5 % |
-6.5 % |
5.1 % |
25.9 % |
San Jose-Sunnyvale-Santa Clara, Calif. |
$1,399,750 |
-6.6 % |
-1.4 % |
24.1 % |
25.5 % |
Seattle-Tacoma-Bellevue, Wash. |
$779,975 |
-4.3 % |
-0.4 % |
30.0 % |
47.4 % |
St. Louis, Mo.-Ill. |
$313,900 |
8.7 % |
6.3 % |
36.8 % |
33.3 % |
Tampa-St. Petersburg-Clearwater, Fla. |
$424,950 |
-5.4 % |
-2.3 % |
49.1 % |
66.1 % |
Virginia Beach-Norfolk-Newport News, Va.-N.C. |
$399,846 |
1.3 % |
4.9 % |
35.5 % |
44.9 % |
Washington-Arlington-Alexandria, DC-Va.-Md.-W. Va. |
$619,950 |
-2.4 % |
6.0 % |
30.5 % |
58.5 % |
|
Metro Area |
Active Listing Count YoY |
New Listing Count YoY |
Median Days on Market |
Median Days on Market Y-Y (Days) |
Price– Reduced Share |
Price- Reduced Share Y-Y (Percentage Points) |
Atlanta-Sandy Springs-Alpharetta, Ga. |
56.8 % |
2.3 % |
41 |
1 |
24.4 % |
7.9 pp |
Austin-Round Rock-Georgetown, Texas |
30.7 % |
-11.0 % |
58 |
8 |
31.4 % |
-1.3 pp |
Baltimore-Columbia-Towson, Md. |
29.8 % |
4.2 % |
36 |
-1 |
15.6 % |
3.4 pp |
Birmingham-Hoover, Ala. |
34.7 % |
-9.6 % |
48 |
4 |
16.8 % |
3.0 pp |
Boston-Cambridge-Newton, Mass.-N.H. |
28.8 % |
11.9 % |
38 |
2 |
14.7 % |
2.2 pp |
Buffalo-Cheektowaga, N.Y. |
9.9 % |
11.6 % |
26 |
-13 |
8.3 % |
0.9 pp |
Charlotte-Concord-Gastonia, N.C.-S.C. |
59.7 % |
12.0 % |
37 |
-2 |
24.3 % |
9.5 pp |
Chicago-Naperville-Elgin, Ill.-Ind.-Wis. |
8.9 % |
-3.0 % |
29 |
-7 |
13.1 % |
1.3 pp |
Cincinnati, Ohio-Ky.-Ind. |
35.2 % |
9.6 % |
30 |
-2 |
16.8 % |
4.7 pp |
Cleveland-Elyria, Ohio |
10.7 % |
2.2 % |
32 |
-8 |
15.3 % |
3.7 pp |
Columbus, Ohio |
58.2 % |
17.4 % |
36 |
11 |
20.4 % |
4.7 pp |
Dallas-Fort Worth-Arlington, Texas |
51.5 % |
3.3 % |
43 |
6 |
30.1 % |
5.7 pp |
Denver-Aurora-Lakewood, Colo. |
75.1 % |
10.5 % |
39 |
8 |
32.4 % |
8.9 pp |
Detroit-Warren-Dearborn, Mich. |
10.8 % |
-5.9 % |
32 |
-1 |
14.2 % |
-0.9 pp |
Hartford-East Hartford-Middletown, Conn. |
8.0 % |
-2.6 % |
22 |
-2 |
7.6 % |
2.3 pp |
Houston-The Woodlands-Sugar Land, Texas |
35.3 % |
-13.2 % |
46 |
6 |
19.5 % |
0.8 pp |
Indianapolis-Carmel-Anderson, Ind. |
27.9 % |
-0.8 % |
37 |
-2 |
24.7 % |
4.9 pp |
Jacksonville, Fla. |
73.3 % |
15.4 % |
57 |
7 |
27.6 % |
8.2 pp |
Kansas City, Mo.-Kan. |
25.5 % |
1.5 % |
47 |
-4 |
17.4 % |
4.2 pp |
Las Vegas-Henderson-Paradise, Nev. |
-20.4 % |
13.5 % |
39 |
-7 |
19.9 % |
5.8 pp |
Los Angeles-Long Beach-Anaheim, Calif. |
43.2 % |
8.2 % |
39 |
-3 |
13.8 % |
4.3 pp |
Louisville/Jefferson County, Ky.-Ind. |
33.3 % |
-1.0 % |
33 |
2 |
20.3 % |
5.3 pp |
Memphis, Tenn.-Miss.-Ark. |
49.0 % |
-2.6 % |
50 |
6 |
25.2 % |
6.0 pp |
Miami-Fort Lauderdale-Pompano Beach, Fla. |
71.6 % |
5.2 % |
72 |
8 |
17.5 % |
5.2 pp |
Milwaukee-Waukesha, Wis. |
5.0 % |
15.2 % |
27 |
-2 |
11.6 % |
1.5 pp |
Minneapolis-St. Paul-Bloomington, Minn.-Wis. |
21.9 % |
1.4 % |
32 |
-4 |
15.2 % |
1.7 pp |
Nashville-Davidson-Murfreesboro-Franklin, Tenn. |
26.5 % |
-1.1 % |
35 |
2 |
25.1 % |
3.4 pp |
New Orleans-Metairie, La. |
29.6 % |
-1.4 % |
66 |
6 |
20.1 % |
0.5 pp |
New York-Newark-Jersey City, N.Y.-N.J.-Pa. |
3.2 % |
2.9 % |
50 |
-4 |
8.6 % |
0.7 pp |
Oklahoma City, Okla. |
35.7 % |
15.7 % |
44 |
1 |
22.6 % |
3.1 pp |
Orlando-Kissimmee-Sanford, Fla. |
78.7 % |
7.4 % |
58 |
12 |
24.4 % |
6.7 pp |
Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md. |
13.3 % |
-1.8 % |
41 |
-4 |
13.5 % |
1.8 pp |
Phoenix-Mesa-Chandler, Ariz. |
60.9 % |
2.3 % |
51 |
6 |
28.0 % |
9.4 pp |
Pittsburgh, Pa. |
20.4 % |
-0.6 % |
44 |
-3 |
18.6 % |
3.7 pp |
Portland-Vancouver-Hillsboro, Ore.-Wash. |
29.8 % |
8.1 % |
45 |
7 |
22.0 % |
4.0 pp |
Providence-Warwick, R.I.-Mass. |
31.1 % |
13.8 % |
27 |
-9 |
10.1 % |
3.2 pp |
Raleigh-Cary, N.C. |
50.7 % |
5.6 % |
38 |
-4 |
20.1 % |
7.6 pp |
Richmond, Va. |
39.3 % |
9.8 % |
37 |
-6 |
14.1 % |
6.3 pp |
Riverside-San Bernardino-Ontario, Calif. |
40.8 % |
-0.9 % |
49 |
4 |
16.7 % |
3.8 pp |
Rochester, N.Y. |
8.2 % |
-5.5 % |
21 |
6 |
4.2 % |
-4.4 pp |
Sacramento-Roseville-Folsom, Calif. |
48.1 % |
-0.3 % |
37 |
1 |
20.8 % |
6.7 pp |
San Antonio-New Braunfels, Texas |
45.4 % |
1.2 % |
53 |
3 |
27.4 % |
3.1 pp |
San Diego-Chula Vista-Carlsbad, Calif. |
77.7 % |
14.5 % |
33 |
2 |
19.1 % |
8.6 pp |
San Francisco-Oakland-Berkeley, Calif. |
36.6 % |
5.2 % |
36 |
2 |
13.0 % |
2.5 pp |
San Jose-Sunnyvale-Santa Clara, Calif. |
60.7 % |
30.8 % |
26 |
-4 |
11.3 % |
2.4 pp |
Seattle-Tacoma-Bellevue, Wash. |
73.5 % |
37.3 % |
31 |
-3 |
17.4 % |
4.0 pp |
St. Louis, Mo.-Ill. |
15.2 % |
2.4 % |
36 |
-2 |
14.2 % |
3.1 pp |
Tampa-St. Petersburg-Clearwater, Fla. |
94.9 % |
5.9 % |
59 |
13 |
30.6 % |
9.7 pp |
Virginia Beach-Norfolk-Newport News, Va.-N.C. |
33.2 % |
0.5 % |
34 |
1 |
20.1 % |
7.0 pp |
Washington-Arlington-Alexandria, DC-Va.-Md.-W. Va. |
24.1 % |
-4.1 % |
32 |
-3 |
13.4 % |
2.5 pp |