Housing Inventory Slides in July, Asking Prices Hold Steady
Housing Inventory Slides in July, Asking Prices Hold Steady
Housing Inventory Slides in July, Asking Prices Hold Steady
Helpful
Tools
Mortgage
Calculator

Estimate your monthly payment for a home purchase or refinance
Auto Loan
Calculator

Determine how much car you can afford before buying
Learn About
Mortgage Loans

Learn about mortgage loans to find the one that's right for you
15 Year vs 30 Year
Loan Comparison

Compare payments between a 15 year and 30 year mortgage loan
Today's Mortgage
Rates

See today's current mortgage rates. Shop, compare and save.

August 29, 2012 (Chris Moore)

The inventory of homes for sale in the United States fell for the first time in five months in July while the prices that sellers asked for their homes remained virtually unchanged from June according to the latest housing data of 146 metro areas released by Realtor.com.

Total listings of existing homes for sale fell 1.09 percent from June with a total of 1,866,075 single-family homes, condos, townhomes, and co-ops were listed for sale in July compared to 1,886,690 in June. The total number of homes listed for sale was 19.26 percent lower than a year ago.

The median list price for an existing home in July was $194,900, down 0.05 percent from $195,000 in June, but still 2.63 percent higher than in July 2011.

The Santa Barbara-Santa Maria-Lompoc, CA, area showed the greatest improvement in year-over-year list prices for the second consecutive month in July. List prices in the area are up 31.53 percent over July of last year. The Phoenix-Mesa, AZ, area had the second highest year-over-year gain of 27.67 percent.

Boise City followed with an annual increase of 16.77 percent with San Francisco and San Jose rounding out the top five with annual increases of 15.04 and 13.84 percent, respectively.

The Peoria-Pelkin, IL, area posted the largest year-over-year decline in median list prices for the second consecutive month, falling 5.03 percent from a year ago followed by the Tyler, TX, area which saw list prices in their area fall 4.57 percent.

Rounding out the bottom five was Toledo, OH, with a 4.35 percent decline, followed by the Philadelphia, PA-NJ, area with a 3.45 percent decline and the Fort Wayne, IN, area where annual list prices declined by 3.29 percent.

For the third consecutive month, none of the 146 metropolitan areas in the survey registered double digit declines in year-over-year listing prices. List prices are not necessarily indicative of selling prices, but may signal market sentiment by sellers. All together, 102 of the areas saw an increase in list prices, down from 113 the previous month.

The average number of days that an existing home spent on the market increased to 88 in July from 84 in June but was down from 97 days in July of last year. Twenty-seven out of the 146 metropolitan areas required 100 days or more to sell a home, up from 23 in June.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 158 days on the market, up from 147 days the previous month. Residents in Oakland had the shortest wait for the tenth consecutive month, averaging 22 days on the market, down from 24 days the previous month.

Tags: housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools
Mortgage
Calculator

Estimate your monthly mortgage payment
Auto Loan
Calculator

Determine how much car you can afford before buying
Learn About
Mortgage Loans

Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison

Compare 15 year and 30 year mortgage loans
Todays Mortgage
Rates

See today's mortgage rates. Shop, compare and save.

August 29, 2012 (Chris Moore)

The inventory of homes for sale in the United States fell for the first time in five months in July while the prices that sellers asked for their homes remained virtually unchanged from June according to the latest housing data of 146 metro areas released by Realtor.com.

Total listings of existing homes for sale fell 1.09 percent from June with a total of 1,866,075 single-family homes, condos, townhomes, and co-ops were listed for sale in July compared to 1,886,690 in June. The total number of homes listed for sale was 19.26 percent lower than a year ago.

The median list price for an existing home in July was $194,900, down 0.05 percent from $195,000 in June, but still 2.63 percent higher than in July 2011.

The Santa Barbara-Santa Maria-Lompoc, CA, area showed the greatest improvement in year-over-year list prices for the second consecutive month in July. List prices in the area are up 31.53 percent over July of last year. The Phoenix-Mesa, AZ, area had the second highest year-over-year gain of 27.67 percent.

Boise City followed with an annual increase of 16.77 percent with San Francisco and San Jose rounding out the top five with annual increases of 15.04 and 13.84 percent, respectively.

The Peoria-Pelkin, IL, area posted the largest year-over-year decline in median list prices for the second consecutive month, falling 5.03 percent from a year ago followed by the Tyler, TX, area which saw list prices in their area fall 4.57 percent.

Rounding out the bottom five was Toledo, OH, with a 4.35 percent decline, followed by the Philadelphia, PA-NJ, area with a 3.45 percent decline and the Fort Wayne, IN, area where annual list prices declined by 3.29 percent.

For the third consecutive month, none of the 146 metropolitan areas in the survey registered double digit declines in year-over-year listing prices. List prices are not necessarily indicative of selling prices, but may signal market sentiment by sellers. All together, 102 of the areas saw an increase in list prices, down from 113 the previous month.

The average number of days that an existing home spent on the market increased to 88 in July from 84 in June but was down from 97 days in July of last year. Twenty-seven out of the 146 metropolitan areas required 100 days or more to sell a home, up from 23 in June.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 158 days on the market, up from 147 days the previous month. Residents in Oakland had the shortest wait for the tenth consecutive month, averaging 22 days on the market, down from 24 days the previous month.

Tags: housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools

August 29, 2012 (Chris Moore)

The inventory of homes for sale in the United States fell for the first time in five months in July while the prices that sellers asked for their homes remained virtually unchanged from June according to the latest housing data of 146 metro areas released by Realtor.com.

Total listings of existing homes for sale fell 1.09 percent from June with a total of 1,866,075 single-family homes, condos, townhomes, and co-ops were listed for sale in July compared to 1,886,690 in June. The total number of homes listed for sale was 19.26 percent lower than a year ago.

The median list price for an existing home in July was $194,900, down 0.05 percent from $195,000 in June, but still 2.63 percent higher than in July 2011.

The Santa Barbara-Santa Maria-Lompoc, CA, area showed the greatest improvement in year-over-year list prices for the second consecutive month in July. List prices in the area are up 31.53 percent over July of last year. The Phoenix-Mesa, AZ, area had the second highest year-over-year gain of 27.67 percent.

Boise City followed with an annual increase of 16.77 percent with San Francisco and San Jose rounding out the top five with annual increases of 15.04 and 13.84 percent, respectively.

The Peoria-Pelkin, IL, area posted the largest year-over-year decline in median list prices for the second consecutive month, falling 5.03 percent from a year ago followed by the Tyler, TX, area which saw list prices in their area fall 4.57 percent.

Rounding out the bottom five was Toledo, OH, with a 4.35 percent decline, followed by the Philadelphia, PA-NJ, area with a 3.45 percent decline and the Fort Wayne, IN, area where annual list prices declined by 3.29 percent.

For the third consecutive month, none of the 146 metropolitan areas in the survey registered double digit declines in year-over-year listing prices. List prices are not necessarily indicative of selling prices, but may signal market sentiment by sellers. All together, 102 of the areas saw an increase in list prices, down from 113 the previous month.

The average number of days that an existing home spent on the market increased to 88 in July from 84 in June but was down from 97 days in July of last year. Twenty-seven out of the 146 metropolitan areas required 100 days or more to sell a home, up from 23 in June.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 158 days on the market, up from 147 days the previous month. Residents in Oakland had the shortest wait for the tenth consecutive month, averaging 22 days on the market, down from 24 days the previous month.

Tags: housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.