Housing Market is Strong – Great Time to Sell
October 18, 2020
Looking to sell your house? Want the best price? Now is the time to sell.
National inventory declined by 39.0% over last year.
Inventory of Homes for Sale Continues to Hit Historic Lows, Newly Listed Homes Slow in the South
Double-Digit Price Growth Continues into the Fall
- The inventory of newly listed properties declined by 13.8% nationally over the past year.
- The September national median listing price was $350,000, up 11.1% compared to last year.
- Nationally, the typical home spent 54 days on the market in September, 12 days less than the same time last year, and three days less than last month. This is the first time in our records that homes sold more quickly in September than August, and signals an unusually active fall market.
Markets across the nation remain strong. Price growth continues into the Fall season. If there is any doubt about this being a seller’s market, just check out these KPIs for DFW Metroplex:
– List prices increased 4.5% for September alone
– Median list price is $360,000
– DOM down 10 for year over year
– Median DOM is 46
– Active listings down 43% for the month; 19% year over year
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