More Homes For Sale in June
More Homes For Sale in June
More Homes For Sale in June
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More homeowners jumped into the housing market in June as the number of homes available for purchase continued to expand despite the busiest spring/summer selling season in four years according to the latest housing data of 146 metro areas released by Realtor.com.

The total number of existing homes for sale increased 4.26 percent from May to June with 1,931,713 single-family homes, condos, townhomes, and co-ops listed for sale during the month. The gain in inventory follows a 5.82 percent increase from April to May. Compared to a year ago, there were still 7.29 percent fewer homes available for purchase during the month, but that number continues to shrink monthly.

The median list price for an existing home in June was $199,900, up 0.45 percent from May and up 5.27 percent from June of last year.

For the second consecutive month, four of the top five area’s with the most improved year-over-year list prices were located in California led by a 36.77 percent increase in the Oakland area followed by a 34.42 percent gain in Oakland and a 31.70 percent increase in the Orange County area. Detroit (+31.31) was again the lone non-California city to make the top five with Stockton-Lodi area (+31.30%) taking the final spot.

California cities also held seven of the top ten spots for the second consecutive month with Phoenix and Reno being the other two non-California cities to break the top ten.

The area’s suffering the greatest decline in median list prices were the Albany-Schenectady-Troy, NY area (-9.30%), Mobile, AL (-8.24%), Reading, PA (-7.17%), Rochester, NY (-6.11%) and Akron, NY (-5.70%).

List prices are not necessarily indicative of selling prices, but may signal market sentiment by sellers. All together, 105 of the areas saw an increase in list prices, while five areas were unchanged from the previous year.

The average number of days that an existing home spent on the market increased to 80 in June from 79 in May but was down from 95 days in June of last year. Only 19 out of the 146 metropolitan areas required 100 or more days to sell a home, that was up from 15 the previous month.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 150 days on the market. Residents in Oakland had the shortest wait for the 21st consecutive month, averaging 17 days on the market.

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

Source:
Realtor.com

Reported by Chris Moore

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Loan Comparison

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Todays Mortgage
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More homeowners jumped into the housing market in June as the number of homes available for purchase continued to expand despite the busiest spring/summer selling season in four years according to the latest housing data of 146 metro areas released by Realtor.com.

The total number of existing homes for sale increased 4.26 percent from May to June with 1,931,713 single-family homes, condos, townhomes, and co-ops listed for sale during the month. The gain in inventory follows a 5.82 percent increase from April to May. Compared to a year ago, there were still 7.29 percent fewer homes available for purchase during the month, but that number continues to shrink monthly.

The median list price for an existing home in June was $199,900, up 0.45 percent from May and up 5.27 percent from June of last year.

For the second consecutive month, four of the top five area’s with the most improved year-over-year list prices were located in California led by a 36.77 percent increase in the Oakland area followed by a 34.42 percent gain in Oakland and a 31.70 percent increase in the Orange County area. Detroit (+31.31) was again the lone non-California city to make the top five with Stockton-Lodi area (+31.30%) taking the final spot.

California cities also held seven of the top ten spots for the second consecutive month with Phoenix and Reno being the other two non-California cities to break the top ten.

The area’s suffering the greatest decline in median list prices were the Albany-Schenectady-Troy, NY area (-9.30%), Mobile, AL (-8.24%), Reading, PA (-7.17%), Rochester, NY (-6.11%) and Akron, NY (-5.70%).

List prices are not necessarily indicative of selling prices, but may signal market sentiment by sellers. All together, 105 of the areas saw an increase in list prices, while five areas were unchanged from the previous year.

The average number of days that an existing home spent on the market increased to 80 in June from 79 in May but was down from 95 days in June of last year. Only 19 out of the 146 metropolitan areas required 100 or more days to sell a home, that was up from 15 the previous month.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 150 days on the market. Residents in Oakland had the shortest wait for the 21st consecutive month, averaging 17 days on the market.

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

Source:
Realtor.com

Reported by Chris Moore

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
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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

More homeowners jumped into the housing market in June as the number of homes available for purchase continued to expand despite the busiest spring/summer selling season in four years according to the latest housing data of 146 metro areas released by Realtor.com.

The total number of existing homes for sale increased 4.26 percent from May to June with 1,931,713 single-family homes, condos, townhomes, and co-ops listed for sale during the month. The gain in inventory follows a 5.82 percent increase from April to May. Compared to a year ago, there were still 7.29 percent fewer homes available for purchase during the month, but that number continues to shrink monthly.

The median list price for an existing home in June was $199,900, up 0.45 percent from May and up 5.27 percent from June of last year.

For the second consecutive month, four of the top five area’s with the most improved year-over-year list prices were located in California led by a 36.77 percent increase in the Oakland area followed by a 34.42 percent gain in Oakland and a 31.70 percent increase in the Orange County area. Detroit (+31.31) was again the lone non-California city to make the top five with Stockton-Lodi area (+31.30%) taking the final spot.

California cities also held seven of the top ten spots for the second consecutive month with Phoenix and Reno being the other two non-California cities to break the top ten.

The area’s suffering the greatest decline in median list prices were the Albany-Schenectady-Troy, NY area (-9.30%), Mobile, AL (-8.24%), Reading, PA (-7.17%), Rochester, NY (-6.11%) and Akron, NY (-5.70%).

List prices are not necessarily indicative of selling prices, but may signal market sentiment by sellers. All together, 105 of the areas saw an increase in list prices, while five areas were unchanged from the previous year.

The average number of days that an existing home spent on the market increased to 80 in June from 79 in May but was down from 95 days in June of last year. Only 19 out of the 146 metropolitan areas required 100 or more days to sell a home, that was up from 15 the previous month.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 150 days on the market. Residents in Oakland had the shortest wait for the 21st consecutive month, averaging 17 days on the market.

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

Source:
Realtor.com

Reported by Chris Moore

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.