Is The Housing Market Finally Improving for Buyers After the Pandemic Rush?

Prices were stable in more than 400 US metropolitan areas covered by the data, 0.2% from the four weeks up to 25 July.

The median sale price stands at $362,1750, 18% more year-over-year, indicative of the rush of homebuyers looking to snap up property with more space.

The number of homes being listed increased by 1.9% compared to the four weeks ending 25 July and active listings increased 13% from their 2021 low hit.

The market may be stabilizing, but 54% of homes still sold above the asking price, increasing year over year from 30%.

The average home sold for 2.1% above its list price, some 3.1% points higher than a year earlier.

The top competitive cities are:

• Littleton-Aurora-Denver in CO
• Tacoma-Spokane in WA
• Sacramento, CA
• Colorado Springs
• Riverview, FL