Home prices in September were up 5 percent year-over-year while home sales posted a 4 percent annual increase, even as housing metrics began their typical seasonal declines, according to Redfin’s analysis of activity across 19 major U.S. markets.
Between August and September, these 19 markets saw prices decline just 0.8 percent, which Redfin says is a smaller decline than is customary at this time of year. Over the same period, home sales dropped 17 percent — a figure the company says represents “a typical seasonal decline.”
According to Redfin’s report, the number of homes for sale in the markets studied as of September 2012 — 198,581 – is down 29.3 percent from September 2011. Inventory fell by 4.3 percent from August to September. Read more...
Between August and September, these 19 markets saw prices decline just 0.8 percent, which Redfin says is a smaller decline than is customary at this time of year. Over the same period, home sales dropped 17 percent — a figure the company says represents “a typical seasonal decline.”
According to Redfin’s report, the number of homes for sale in the markets studied as of September 2012 — 198,581 – is down 29.3 percent from September 2011. Inventory fell by 4.3 percent from August to September. Read more...
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