Redfin Real-Time Home Price Tracker: July Home Prices Up 3% From 2011; Low Inventory Continues to Stifle Sales

The Redfin Real-Time Home Price Tracker is a monthly report on home prices, sales and inventory across 19 U.S. markets, published weeks before any other index, based on the local databases used directly by Realtors to list properties and record sales.

Following is a summary of key metrics across 19 major metropolitan markets:

  • Home prices in July increased 3.2% year over year, and were flat month over month (-0.1%).
  • The number of homes for sale declined 28.1% from July 2011 to July 2012, and by 5.0% since June.
  • Home sales increased 6.8% over last year, but fell 12.4% since June, a typical decline for this time of year.
  • The percentage of listings that sold within 14 days of their debut increased slightly in July, from 26.7% in June to 27.8% last month.

For the full report including data tables, charts, and a downloadable spreadsheet with historic data, visit the Real-Time Price Tracker in Redfin’s Research Center.