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Market Trends Mean Hope for Buyers

fdsaRecent stock market volatility and seasonal trends may give buyers better financial options and more time to make purchase decisions entering the fall, says Jonathan Smoke, chief economist for®.

August data remains positive with regard to overall housing health as both demand and supply continue to grow.

  • The national median list price is $233,000, up 8 percent year-over-year and virtually flat over July, demonstrating a continued positive trend in home prices. Median days on market are down 6 percent year-over-year and up 6 percent month-over-month at 75 days, which shows the season is naturally shifting to favor buyers as inventory moves more slowly than in spring and summer.

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