National home prices ticked up just a bit (0.4 percent) between September and October of this year, but were up 8 percent in October from a year earlier.
The key metrics across 19 major metropolitan markets are:
- October home sales were up 21.8% from a year ago, with an unusual 9.8% gain from September to October.
- Home prices in October increased 8.4% year over year, and were up just 0.4% month over month.
- The number of homes for sale declined 29.4% from October 2011 to October 2012 (even larger than the 28.1% drop in September), and declined by 5.3% since September.
- The percentage of listings that sold within 14 days of their debut inched up to 28.2% in October.
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.