m***i
发帖数: 80 | 1 https://www.redfin.com/blog/2018/06/market-tracker-may-2018.html?utm_source=
Iterable&utm_medium=email&utm_campaign=1011565
May Real Estate Market the Fastest on Record; Prices Up 6.3%
The Typical Home Found a Buyer in 34 Days; Denver Homes Sold in Just Six
Days
Written by Alina Ptaszynski on June 14, 2018
Across the 174 markets that Redfin tracks, the typical home sold in May went
under contract in 34 days, breaking April’s record of 36 days, which was
the fastest month Redfin had recorded going back to 2010. Amid the speed,
the national median home sale price rose to $305,600, a 6.3 percent increase
from May 2017.
The number of newly listed homes for sale increased 4.3 percent compared to
May of last year, driving a 3.6 percent increase in the number of homes sold
. However, the overall supply of homes declined 5.4 percent during the same
time period. Just 2.5 months of supply remained at the end of the month,
compared to the six months that generally signals a balanced market.
Among homes that sold in May, 27.6 percent sold above their list price, the
highest percentage Redfin has recorded, indicating strong competition for
the few homes available. At the same time, nearly a quarter of homes for
sale had a price drop in May, the highest percentage of price drops since
September of 2017.
“Prices are still increasing, but not at the same rate we saw earlier in
the spring,” said Redfin senior economist Taylor Marr. “The record
percentage of homes sold above list price is at odds with the higher
percentage of price drops in May. This tells us that while it’s still very
much a seller’s market, price growth and rising mortgage rates may be
pushing buyers to the limit of what they’re able to pay.”
Market Summary May 2018 Month-Over-Month Year-Over-Year
Median sale price $305,600 1.5% 6.3%
Homes sold 292,900 18.4% 3.6%
New listings 373,500 7.6% 4.3%
All Homes for sale 728,300 5.6% -5.4%
Median days on market 34 -3 -4
Months of supply 2.5 -0.3 -0.2
Sold above list 27.6% 1.3% 1.2%
Median Off-Market Redfin Estimate $289,600 0.8% 7.4%
Average Sale-to-list 98.6% 0.3% -0.1%
For the seventh month in a row, San Jose topped the nation with price growth
over 25 percent. The supply of San Jose homes fell 13.8 percent compared to
last year. That drop is actually the smallest decline in a 16-month stretch
of inventory declines, an indication of the intensity of San Jose’s
inventory shortage. A bit of good news for San Jose buyers: the number of
homes newly listed in May ticked up 11.2 percent compared to last year.
After a prolonged period of inventory declines, some metro areas are finally
seeing more homes hit the market. Washington, D.C. and Portland, OR have
now had four months in a row of year-over-year increases in inventory.
Seattle inventory increased for the second month in a row, up 17.4 percent
in May compared to last year.
“Two months of growing inventory is a positive sign for Seattle buyers, but
the previous 43 consecutive months of inventory declines won’t be reversed
overnight,” said Jessie Culbert, a Redfin agent in Seattle. “Even so, we
can already feel a slight easing in the market. Homes are still selling
quickly and often over-asking, but where last May a seller may have gotten
15 to 20 offers, this May it was two to five.”
Other May Highlights | W*******Q
发帖数: 275 | |
|
