United States Housing Market

Home prices nationwide were up 4.0% year-over-year in July. At the same time, the number of homes sold rose 6.3% and the number of homes for sale rose 19.2%.

U.S. Housing Supply

Are there enough homes for sale to meet buyer demand?

In July 2024, there were 1,835,669 homes for sale in the United States, up 19.2% year over year. The number of newly listed homes was 574,901 and up 5.3% year over year.The median days on the market was 34 days, up 5 year over year.The average months of supply is 3 months, up 0 year over year. …

# of Homes for Sale +19.2% year-over-year # of Newly Listed Homes +5.3% year-over-year Median Days on Market +5 year-over-year Months of Supply +0 year-over-year All Home Types 1 year 3 years 5 years # of Homes for Sale

The direction and pace at which housing supply changes indicate whether the options for buyers are increasing or decreasing. They can also indicate whether homes are lingering on the market or being sold faster than sellers are listing them. There are currently 1,835,669 residential homes for sale in the United States. …

# of Homes for Sale (All Home Types) +19.2% YoY | Jul 2024 Based on Redfin calculations of home data from MLS and/or public records. What does this mean?

The direction and pace at which housing supply changes indicate whether the options for buyers are increasing or decreasing. They can also indicate whether homes are lingering on the market or being sold faster than sellers are listing them. There are currently 1,835,669 residential homes for sale in the United States.

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