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Spring Housing Inventory Growing, Sellers Raise Prices
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You're Now Reading:
Spring Housing Inventory Growing, Sellers Raise Prices
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Spring Housing Inventory Growing, Sellers Raise Prices
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April 18, 2012 (Chris Moore)

The inventory of available homes for sale in the United States continued to swell in March as homes began to sell at a faster pace with the average time a home spent on the market falling by over 20 days in just a month according to the latest housing data of 146 metro areas released by Realtor.com.

Total listings of existing homes increased 1.54 percent from February with a total of 1,804,040 single-family homes, condos, townhomes, and co-ops listed for sale in March compared to 1,778,237 in February. The total number of homes listed for sale in March was still 21.48 percent lower than a year ago.

The median list price for an existing home in March was $189,900, up 1.01 percent from $188,000 in February, and 5.56 percent higher than in March 2011.

The Phoenix-Mesa, AZ, area continued to make a big comeback with the largest year-over-year price increase in March. Homes prices in the area are up 23.45 percent over March of last year. Miami, which had held the top spot for the previous four months, had the second highest year-over-year gain of 22.27 percent.

Boise moved up into the third slot with a 19.73 percent annual gain followed by Punta Gorda , FL, and Washington D.C. where home prices have increased 17.50 and 17.44 percent over the last year, respectively.

Chicago posted the largest year-over-year decline in median list prices for the third consecutive month, falling 9.48 percent from a year ago followed by Knoxville which saw list prices in their area fall 5.41 percent.

Rounding out the bottom five was Orange County, CA, with a 4.42 percent decline, followed by Sacramento and Philadelphia where annual list prices declined by 4.35 and 3.77 percent, respectively.

A total of 24 of the 146 metropolitan areas in the survey registered double digit increases in year-over-year listing prices, unchanged from the previous month. List prices are not necessarily indicative of selling prices, but may signal market sentiment by sellers.

The average number of days that an existing home spent on the market fell to 89 in March from 111 days in both the previous month of February and March of last year. Forty-four out of the 146 metropolitan areas required 100 days or more to sell a home, down from 88 in February.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 169 days on the market, down from 179 days the previous month. Residents in Oakland had the shortest wait for the sixth consecutive month, averaging 28 days on the market, down from 32 days the previous month.

Tags: housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
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With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
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ADVANTAGES OF USING
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FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
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April 18, 2012 (Chris Moore)

The inventory of available homes for sale in the United States continued to swell in March as homes began to sell at a faster pace with the average time a home spent on the market falling by over 20 days in just a month according to the latest housing data of 146 metro areas released by Realtor.com.

Total listings of existing homes increased 1.54 percent from February with a total of 1,804,040 single-family homes, condos, townhomes, and co-ops listed for sale in March compared to 1,778,237 in February. The total number of homes listed for sale in March was still 21.48 percent lower than a year ago.

The median list price for an existing home in March was $189,900, up 1.01 percent from $188,000 in February, and 5.56 percent higher than in March 2011.

The Phoenix-Mesa, AZ, area continued to make a big comeback with the largest year-over-year price increase in March. Homes prices in the area are up 23.45 percent over March of last year. Miami, which had held the top spot for the previous four months, had the second highest year-over-year gain of 22.27 percent.

Boise moved up into the third slot with a 19.73 percent annual gain followed by Punta Gorda , FL, and Washington D.C. where home prices have increased 17.50 and 17.44 percent over the last year, respectively.

Chicago posted the largest year-over-year decline in median list prices for the third consecutive month, falling 9.48 percent from a year ago followed by Knoxville which saw list prices in their area fall 5.41 percent.

Rounding out the bottom five was Orange County, CA, with a 4.42 percent decline, followed by Sacramento and Philadelphia where annual list prices declined by 4.35 and 3.77 percent, respectively.

A total of 24 of the 146 metropolitan areas in the survey registered double digit increases in year-over-year listing prices, unchanged from the previous month. List prices are not necessarily indicative of selling prices, but may signal market sentiment by sellers.

The average number of days that an existing home spent on the market fell to 89 in March from 111 days in both the previous month of February and March of last year. Forty-four out of the 146 metropolitan areas required 100 days or more to sell a home, down from 88 in February.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 169 days on the market, down from 179 days the previous month. Residents in Oakland had the shortest wait for the sixth consecutive month, averaging 28 days on the market, down from 32 days the previous month.

Tags: housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

April 18, 2012 (Chris Moore)

The inventory of available homes for sale in the United States continued to swell in March as homes began to sell at a faster pace with the average time a home spent on the market falling by over 20 days in just a month according to the latest housing data of 146 metro areas released by Realtor.com.

Total listings of existing homes increased 1.54 percent from February with a total of 1,804,040 single-family homes, condos, townhomes, and co-ops listed for sale in March compared to 1,778,237 in February. The total number of homes listed for sale in March was still 21.48 percent lower than a year ago.

The median list price for an existing home in March was $189,900, up 1.01 percent from $188,000 in February, and 5.56 percent higher than in March 2011.

The Phoenix-Mesa, AZ, area continued to make a big comeback with the largest year-over-year price increase in March. Homes prices in the area are up 23.45 percent over March of last year. Miami, which had held the top spot for the previous four months, had the second highest year-over-year gain of 22.27 percent.

Boise moved up into the third slot with a 19.73 percent annual gain followed by Punta Gorda , FL, and Washington D.C. where home prices have increased 17.50 and 17.44 percent over the last year, respectively.

Chicago posted the largest year-over-year decline in median list prices for the third consecutive month, falling 9.48 percent from a year ago followed by Knoxville which saw list prices in their area fall 5.41 percent.

Rounding out the bottom five was Orange County, CA, with a 4.42 percent decline, followed by Sacramento and Philadelphia where annual list prices declined by 4.35 and 3.77 percent, respectively.

A total of 24 of the 146 metropolitan areas in the survey registered double digit increases in year-over-year listing prices, unchanged from the previous month. List prices are not necessarily indicative of selling prices, but may signal market sentiment by sellers.

The average number of days that an existing home spent on the market fell to 89 in March from 111 days in both the previous month of February and March of last year. Forty-four out of the 146 metropolitan areas required 100 days or more to sell a home, down from 88 in February.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 169 days on the market, down from 179 days the previous month. Residents in Oakland had the shortest wait for the sixth consecutive month, averaging 28 days on the market, down from 32 days the previous month.

Tags: housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.