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