The number of homes listed for sale on realtor.com was down 2.7 percent from a year ago in September, to 1.87 million, as inventories fell in 60 percent of 144 markets tracked, according to statistics released today.
September 2014 | Change from a year ago |
Change from August 2014 | |
Number of listings | 1.87 million | -2.65% | -7.87% |
Median age of inventory | 90 days | -3.23% | 4.65% |
Median list price | $214,900 | 7.72% | 0.00% |
Source: realtor.com
Seasonal factors contributed to a 7.9 percent decline in national inventory from August to September. The median age of inventory was up 4.6 percent from August, to 90 days. At $214,900, median list price was up 7.7 percent from a year ago but unchanged from August.
Top 10 markets with greatest annual increase in realtor.com inventory, September 2014
Market | Change from year ago | Number of listings |
Honolulu | 27.5% | 3,574 |
Orlando, Florida | 25.8% | 14,989 |
Miami | 22.0% | 16,967 |
Charleston, West Virginia | 20.1% | 1,447 |
West Arizona (RSA) | 19.6% | 2,662 |
Minneapolis-St. Paul, Minnesota-Wisconsin | 19.0% | 18,715 |
Fresno, California | 18.4% | 3,224 |
Riverside-San Bernardino, California | 17.0% | 20,117 |
Fort Lauderdale, Florida | 16.8% | 14,152 |
Hartford, Connecticut | 15.5% | 9,821 |
Source: realtor.com
Listings were up from a year ago in 56 markets tracked by realtor.com, with 16 markets seeing double-digit annual increases.
Top 10 markets with the greatest annual decrease in realtor.com inventory, September 2014
Market | Change from year ago |
Number of listings |
Las Vegas | -37.9% | 11,418 |
San Jose, California | -36.2% | 2,050 |
Columbus, Ohio | -29.0% | 8.175 |
Cincinnati | -26.5% | 7,521 |
Houston | -25.2% | 16,386 |
Washington, D.C. | -25.0% | 1,474 |
San Francisco | -23.4% | 2,397 |
Chicago | -22.8% | 47,130 |
Colorado Springs, Colorado | -21.3% | 3,965 |
Central Florida (RSA) | -21.2% | 3,089 |
Source: realtor.com
The number of listings on the market fell in 86 markets, including 33 that saw double-digit declines.