Category Archives: Market Report
February 2020 Real Estate Market Report
U.S. home values rose 3.9% annually in February, up from 3.8% in January. The typical home in the U.S. is now worth $247,084. Inventory fell to a new low, down 8.4% year-over-year nationally and nearly 30% in some markets. All eyes are on how economic impacts from the coronavirus pandemic will affect housing in the […]
January 2020 Real Estate Market Report
The typical home in the U.S. is worth $245,193, up 3.8% from a year ago. There were 1,500,262 homes listed for sale in January, down 8% from a year ago. Typical U.S. rent grew 2.3% year-over-year, to $1,602. The last full monthly read of U.S. housing market data before the coronavirus pandemic hit the nation […]
December 2019 Real Estate Market Report
There were 1,489,417 U.S. homes listed for sale in December, 120,009 fewer than a year ago. This is a 7.5% annual drop, and the lowest level recorded by Zillow. The typical home value in the U.S. is $244,054, an increase of 3.7% from December 2018. Typical U.S. rent grew 2.6% year-over-year, to $1,600. The housing […]
November 2019 Real Estate Market Report
U.S. home values grew 3.8% year over year to $243,225. This is the smallest annual growth since January 2013, but quarterly growth has reaccelerated in recent months. Rent growth accelerated for the fifth straight month, up 2.3% annually to $1,600. For-sale inventory fell 6.4% from a year ago. There are 102,463 fewer homes on the […]
October 2019 Real Estate Market Report
Rents grew 2.3% year-over-year in October, driving the median U.S. rent up to $1,600. The typical home in the U.S. is worth $231,700, 4.7% higher than a year ago. That’s the lowest annual growth since February 2013. Inventory fell 6.3% year-over-year, the most in 18 months after a brief period of gains earlier this year. […]
September 2019 Real Estate Market Report
For-sale inventory continued to fall in September after a mild recovery earlier this year. There are 102,112 fewer homes on the market in the U.S. than there were last year, a 6.4% year-over-year drop. The median home in the U.S. is worth $231,000, up 4.8% from this time last year. Accelerating quarterly growth indicates that […]
August 2019 Real Estate Market Report
The median home in the U.S. was worth $229,600 in August, up 4.9% from a year ago. Quarterly growth reached an annualized rate of 3.4% – up from 0.4% in May – suggesting the market may be re-accelerating even as annual growth continues to slow. Rent growth continued to accelerate, up 2% year-over-year to $1,595. […]
July 2019 Real Estate Market Report
Home Value Growth Continues Steady Normalization as Inventory Creeps Up The rate of year-over-year home value growth has fallen in each of the past seven months. The median U.S. home is worth $229,000, up 5.2% from this time last year. Rents grew 1.9% on an annual basis. The median monthly rent in the U.S. is […]
June 2019 Real Estate Market Report
U.S. Rent Growth Accelerates as Home Values Stabilize Rents grew for the ninth straight month, and are now up 3% year-over-year. The median monthly rent in the U.S. is $1,483. Home values grew 5.2% year-over-year, down from 7.6% annual growth at this time last year. For-sale inventory in the U.S. fell 0.8% annually. There are […]
May 2019 Real Estate Market Report
Housing Market Continues to Cool and Normalize The typical U.S. home was worth $226,800 in May, up 5.4% from a year earlier but down 0.1% from April. The median monthly U.S. rent is $1,479, up 2.7% year-over-year. For-sale inventory in the U.S. fell 0.5% from a year ago, but rose in 23 of the 35 […]