Redfin Real-Time Home Price Tracker: Home Prices Dip Slightly in September, Still 5% Above 2011

The Redfin Real-Time 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 real estate agents to list properties and record sales.

National home prices turned in another 5 percent gain from a year ago in September, even as they began their typical seasonal decline, inching down just under 1 percent from August.

The key metrics across 19 major metropolitan markets are:

  • Home prices in September increased 5.4% year over year, and were down 0.8% month over month.
  • The number of homes for sale declined 29.3% from September 2011 to September 2012, and by 4.3% since August.
  • Home sales increased 4% from last year, and fell 17% since August—a typical seasonal decline.
  • The percentage of listings that sold within 14 days of their debut held steady in September at 27%.

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.