Strong October Housing Market
Realtor.com’s Monthly Housing Trends Report said this October saw close to record levels in sales in the U.S. housing market. In fact, this October houses sold faster than September for the first time since 2011.
“In the fall, we normally see homes sell more slowly and prices pull back from peak levels. But this October, we saw a drop in the time it takes to sell a home even while home prices remain at their summer peak,” said Danielle Hale, chief economist for realtor.com.
According to Realtor.com in October homes sold in 53 days which was 13 days faster than October of last year. For home prices, the median listing price rose 12.2% year-over-year to $350,000.
The numbers for the newly listed homes by U.S. metropolitan area were very different. San Jose-Sunnyvale-Santa Clara, California had the highest new listing count year-over-year at 30.6% with a median listing price of $1,199,100.00 with 34 days on the market while Nashville-Davidson–Murfreesboro–Franklin,
Tennessee had the lowest new listing count year-over-year at -27.5% with a median listing price of $400,000 with 32 days on the market. Within the country’s 50 largest metros, homes sold in a record 45 days.
As far as the nation’s regions, the Northeast had the highest gains at 11.4%, next the West had 10.1%, followed by the Midwest with 9% and the South came in last at 7.3%.
Here is a look at the number of newly listed homes by metropolitan area:
| Metro | New Listing Count YoY |
Median Listing Price YoY |
Median Listing Price |
Median Days on Market |
Active Listing Count YoY |
| San Jose-Sunnyvale-Santa Clara, Calif. | 30.6% | 8.1% | $1,199,100 | 34 | -18.5% |
| New York-Newark-Jersey City, N.Y.-N.J.-Pa. | 28.2% | 15.1% | $639,100 | 58 | -6.1% |
| San Francisco-Oakland-Hayward, Calif. | 25.9% | 11.6% | $1,049,100 | 35 | -4.2% |
| Los Angeles-Long Beach-Anaheim, Calif. | 17.2% | 16.9% | $995,100 | 49 | -22.9% |
| Hartford-West Hartford-East Hartford, Conn. | 15.9% | 7.1% | $300,000 | 41 | -31.3% |
| Boston-Cambridge-Newton, Mass.-N.H. | 15.1% | 13.9% | $669,100 | 33 | -29.4% |
| Seattle-Tacoma-Bellevue, Wash. | 12.5% | 6.4% | $625,000 | 35 | -31.6% |
| Sacramento–Roseville–Arden-Arcade, Calif. | 11.3% | 12.3% | $549,100 | 35 | -48.4% |
| Minneapolis-St. Paul-Bloomington, Minn.-Wis. | 9.9% | 2.4% | $348,000 | 37 | -30.1% |
| Washington-Arlington-Alexandria, DC-Va.- Md.-W. Va. |
5.4% | 4.6% | $502,100 | 36 | -36.7% |
| Las Vegas-Henderson-Paradise, Nev. | 0.4% | 7.9% | $345,300 | 41 | -7.8% |
| San Diego-Carlsbad, Calif. | -0.6% | 11.2% | $795,100 | 24 | -25.4% |
| Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md. | -1.2% | 16.7% | $349,100 | 48 | -41.8% |
| Denver-Aurora-Lakewood, Colo. | -2.0% | 5.0% | $520,000 | 36 | -44.2% |
| Birmingham-Hoover, Ala. | -2.4% | 1.7% | $260,000 | 51 | -36.1% |
| Portland-Vancouver-Hillsboro, Ore.-Wash. | -2.7% | 9.1% | $510,100 | 49 | -44.0% |
| Riverside-San Bernardino-Ontario, Calif. | -3.8% | 14.6% | $470,100 | 41 | -53.6% |
| Rochester, N.Y. | -3.9% | 12.9% | $228,700 | 31 | -43.3% |
| St. Louis, Mo.-Ill. | -4.4% | 10.3% | $248,000 | 56 | -38.4% |
| Virginia Beach-Norfolk-Newport News, Va.- N.C. |
-4.9% | 6.9% | $320,600 | 39 | -46.7% |
| Baltimore-Columbia-Towson, Md. | -7.3% | 4.6% | $340,000 | 43 | -51.4% |
| Raleigh, N.C. | -7.3% | 6.8% | $390,000 | 49 | -45.4% |
| Milwaukee-Waukesha-West Allis, Wis. | -7.6% | 3.8% | $300,000 | 42 | -39.2% |
| Houston-The Woodlands-Sugar Land, Texas | -7.6% | 7.8% | $334,100 | 52 | -32.8% |
| Chicago-Naperville-Elgin, Ill.-Ind.-Wis. | -7.9% | 9.5% | $345,000 | 43 | -32.6% |
| Buffalo-Cheektowaga-Niagara Falls, N.Y. | -8.2% | 7.5% | $215,000 | 52 | -46.7% |
| Tampa-St. Petersburg-Clearwater, Fla. | -8.2% | 10.0% | $308,000 | 48 | -43.0% |
| Miami-Fort Lauderdale-West Palm Beach, Fla. | -8.8% | 2.5% | $410,100 | 93 | -15.6% |
| Austin-Round Rock, Texas | -9.0% | 15.9% | $413,200 | 46 | -47.7% |
| Orlando-Kissimmee-Sanford, Fla. | -9.2% | 1.6% | $325,000 | 59 | -20.9% |
| Cleveland-Elyria, Ohio | -9.3% | 3.2% | $200,000 | 47 | -48.2% |
| Phoenix-Mesa-Scottsdale, Ariz. | -9.3% | 7.7% | $415,600 | 36 | -41.8% |
| Pittsburgh, Pa. | -9.4% | N/A | $245,100 | 57 | -36.8% |
| Providence-Warwick, R.I.-Mass. | -10.3% | 6.1% | $400,000 | 42 | -52.5% |
| Kansas City, Mo.-Kan. | -11.1% | 10.1% | $330,100 | 47 | -48.7% |
| New Orleans-Metairie, La. | -12.8% | 15.7% | $329,100 | 64 | -39.1% |
| Cincinnati, Ohio-Ky.-Ind. | -13.7% | 16.3% | $310,000 | 39 | -44.9% |
| Oklahoma City, Okla. | -15.4% | 6.6% | $270,000 | 48 | -40.5% |
| San Antonio-New Braunfels, Texas | -16.0% | 3.6% | $300,000 | 53 | -40.8% |
| Dallas-Fort Worth-Arlington, Texas | -16.1% | 4.1% | $356,000 | 47 | -46.8% |
| Louisville/Jefferson County, Ky.-Ind. | -17.4% | 2.2% | $258,100 | 35 | -50.2% |
| Columbus, Ohio | -17.5% | 9.0% | $305,100 | 35 | -47.8% |
| Atlanta-Sandy Springs-Roswell, Ga. | -18.8% | 10.6% | $355,100 | 46 | -45.5% |
| Indianapolis-Carmel-Anderson, Ind. | -19.8% | 5.7% | $275,000 | 43 | -47.8% |
| Jacksonville, Fla. | -20.4% | 2.6% | $318,100 | 55 | -45.5% |
| Memphis, Tenn.-Miss.-Ark. | -21.7% | 14.0% | $263,800 | 45 | -49.3% |
| Detroit-Warren-Dearborn, Mich | -21.7% | 12.4% | $269,100 | 38 | -47.4% |
| Richmond, Va. | -21.8% | 11.7% | $357,000 | 45 | -48.2% |
| Charlotte-Concord-Gastonia, N.C.-S.C. | -22.9% | 9.0% | $365,400 | 43 | -48.7% |
| Nashville-Davidson–Murfreesboro–Franklin, Tenn. |
-27.5% | 8.1% | $400,000 | 32 | -43.6% |
