Recent 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 realtor.com®.
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.
