Redfin Real-Time Home Price Tracker: Home Sales Surge 22% in October as Prices Continue to Rise

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 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.