United States Housing Market
Home prices nationwide were up 4.8% year-over-year in March. At the same time, the number of homes sold fell 9.21% and the number of homes for sale rose 5.2%.
Home prices nationwide were up 4.8% year-over-year in March. At the same time, the number of homes sold fell 9.21% and the number of homes for sale rose 5.2%.
How competitive is the market?
Homes that sold above list price likely received multiple offers. A high or growing percentage of homes selling above list price indicates that the housing market is competitive and bidding wars are becoming more common. A low or shrinking percentage of homes selling above list price suggests that the market is becoming less competitive.