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2020’s Hottest Paint Colors: Which Is Your…

The perfect hue for your listing could be hiding among paint companies’ top 11 picks.
January 13, 2020

Rising costs of childcare hits families’ housing budgets, Freddie Mac says

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https://realtybiznews.com/rising-costs-of-childcare-hits-families-housing-budgets-freddie-mac-says/98757270/

Freddie Mac has warned that the rising cost of childcare services in the U.S. could force many low-income earners to put off their plans for homeownership.

In a new analysis published this week, Freddie Mac officials reported that U.S. childcare costs have risen by an average 49% over the last 25 years, while the cost of housing has increased by just 14% in the same period.

Freddie’s
researchers found that the average U.S. family spends $715 per month
on child care, rising to $758 per month if the parent with the most
childcare responsibilities (usually the mother) is also employed.

Families
with younger children aged four or less spend an average of $948 per
month on childcare, the report added.

Of
course, the impact of rising childcare costs is felt most keenly by
lower-income families, Freddie’s researchers said. A family that’s
making less than $1,500 per month would need to spend an average of
40% of their income on childcare, while a family that makes over
$4,500 per month would spend just 6.7% of their income.

Freddie
Mac’s chief economist Sam Khater said families today face a
never-ending list of expenses and that presents challenges for both
renters and homeowners. However, he said the burden of childcare is
one of the biggest challenges of all, considering its high cost
relative to people’s incomes.

“Our
analysis finds that those families paying for child care generally
are left with less money for housing,” Khater said. “Specifically,
we find they, on average, pay about half of the median mortgage
payment and nearly 80% of the median rent.”

The post Rising costs of childcare hits families’ housing budgets, Freddie Mac says appeared first on RealtyBizNews: Real Estate News.

US Home Prices Up 7% in December

  Posted in Residential on

  by admin

https://www.redfin.com/blog/housing-market-news-december-2019/

A record shortage of homes for sale drove prices up on a monthly and annual basis.

U.S. home-sale prices increased 6.9% year over year in December to a median of $312,500 across the 217 metros Redfin tracks. Home prices were also up 1.1% month over month on a seasonally-adjusted basis, the largest increase since February 2018.

“Low mortgage rates and a strong economy fueled homebuyer demand in December, which boosted both home sales and prices,” said Redfin chief economist Daryl Fairweather. “Prices heated up in West Coast metros like Seattle and Los Angeles, which indicates the slowdown of 2019 has officially ended in these markets.”

Prices continued to increase the fastest in affordable metro areas in December. Among the 20 metro areas with the largest year-over-year price increases, 16 were below the national median, led in December by Memphis (median price $190,000, up 15.9%), Camden, NJ ($195,000, +14.7%) and Cincinnati ($187,000, +14.4%).

For the more expensive metro areas, a boost in the loan limits for mortgages backed by FHA, VA, Fannie Mae and Freddie Mac that takes effect in January could impact affordability and put upward pressure on home prices in the sweet spot of the limit increases. The new limit for most of the country is $510,400, up from $484,350 in 2019, while the limit in high-cost areas has increased to $765,600, up from $726,525 in 2019.

Of the 85 largest metro areas Redfin tracks, only two saw a year-over-year decline in the median sale price: In New York, home prices were down 2.4%—possibly as a result of the increase in New York City’s “mansion tax” on homes priced above $1 million. In San Francisco, they fell 1.7%.

Market Summary
December 2019
Month-Over-Month
Year-Over-Year

Median sale price
$312,500
0.5%
6.9%

Homes sold, seasonally-adjusted
276,800
1.0%
6.8%

New listings, seasonally-adjusted
304,600
-1.3%
-5.1%

All Homes for sale
646,800
-14.6%
-14.9%

Median days on market
50
5
-2

Months of supply
2.6
-0.5
-0.8

Sold above list
19.1%
-1.7 pts†
0.6 pts†

Median Off-Market Redfin Estimate
$283,400
-3.6%
3.6%

Average Sale-to-list
97.4%
-0.5 pts†
0.3 pts†

† – “pts” = percentage point change

Nationwide, home sales increased 6.8% year over year in December, the fifth consecutive month of increases, and were up 1.0% from November on a seasonally-adjusted basis.

The markets with the biggest increases in home sales from a year ago were Anaheim, CA (37.7%), North Port, FL (35.8%) and New Haven, CT (23.0%).

The supply of homes for sale fell 14.9% year over year, the biggest decline since March 2013 and the sixth straight month of declines. There were fewer homes for sale last month than any time since at least December 2012. Just one of the 85 largest metros tracked by Redfin posted a year-over-year increase in inventory: Knoxville, TN (5.3%).

Compared to a year ago, the biggest declines in the number of homes for sale were in Salt Lake City (-54.7%), Tacoma, WA (-44.3%) and San Diego, CA (-40.3%).

The rapid reduction in supply can be attributed both to the increase in home sales and to a decline in new listings, which fell 5.1% in December from a year earlier—the largest drop on record since our data began in 2012. “Many homeowners have refinanced their mortgages to take advantage of low interest rates and therefore feel committed to staying put,” continued Fairweather. “The lack of homes for sale is going to fuel competition and price growth in 2020.”

Seasonally-adjusted new listings in December fell the most from a year earlier in Salt Lake City (-50.4%), followed by Allentown, PA (-39.3%) and Kansas City, MO (-38.9%).

Homes sold in December spent two fewer days on market compared to the prior year. In December, the typical home went under contract in 50 days, compared to 52 days in December 2018.

The share of homes sold above list price increased year over year, coming in at 19.1% in December compared to 17.3% a year earlier.

Other December Highlights

Competition

Omaha and Tacoma were the fastest markets, with half of all homes pending sale in just 21 days, down from 23 days and 34 days a year earlier, respectively. Grand Rapids, MI was the next fastest market with 25 median days on market, followed by Buffalo, NY (25) and Fresno (26).
The most competitive market in December was San Francisco where 51.6% of homes sold above list price, followed by Oakland at 44.4%, Tacoma at 41.8%, San Jose at 40.0% and Los Angeles at 36.7%.

Prices

Memphis had the nation’s highest price growth, rising 15.9% since last year to $190,000. Camden, NJ had the second highest at 14.7% year-over-year price growth, followed by Cincinnati (14.4%), Honolulu (14.1%), and Newark, NJ (13.4%).
2 metros saw price declines in December: New York (-2.4%) and San Francisco (-1.7%).

Sales

Anaheim led the nation in year-over-year sales growth, up 37.7%, followed by North Port, FL, up 35.8%. New Haven rounded out the top three with sales up 23.0% from a year ago.
Salt Lake City saw the largest decline in sales since last year, falling 2.8%. Home sales in Camden and New York declined by 2.5% and 1.9%, respectively.

Inventory

Knoxville had the highest increase in the number of homes for sale, up 5.3% year over year.
Salt Lake City had the largest decrease in overall inventory, falling 54.7% since last December. Tacoma (-44.3%), San Diego (-40.3%), and Seattle (-39.7%) also saw far fewer homes available on the market than a year ago.

Redfin Estimate

Miami (90.2%) had the largest share of homes predicted to sell for below list price, according to Redfin Estimate data, followed by Fort Lauderdale (87.3%) and West Palm Beach (87.0%).
San Francisco (10.8%) had the largest share of homes predicted to sell at or above list price, followed by San Jose (15.1%) and Tacoma (17.4%).

Below are market-by-market breakdowns for prices, inventory, new listings and sales for markets with populations of 750,000 or more. For downloadable data on all of the markets Redfin tracks, visit the Redfin Data Center.

Median Sale Price

Redfin Metro
Median Sale Price
Month-Over-Month
Year-Over-Year

Albany, NY
$215,000
-3.4%
10.3%

Allentown, PA
$206,000
-1.9%
8.4%

Anaheim, CA
$720,000
0.0%
5.9%

Atlanta, GA
$250,000
2.0%
5.7%

Austin, TX
$322,400
4.4%
6.2%

Bakersfield, CA
$251,000
0.8%
11.1%

Baltimore, MD
$279,500
1.6%
7.5%

Baton Rouge, LA
$215,000
8.1%
5.9%

Birmingham, AL
$212,000
1.0%
9.8%

Boston, MA
$500,000
2.0%
10.4%

Bridgeport, CT
$390,000
2.6%
2.5%

Buffalo, NY
$160,000
0.6%
8.8%

Camden, NJ
$195,000
-2.5%
14.7%

Charlotte, NC
$267,000
3.5%
11.3%

Chicago, IL
$241,000
0.0%
5.2%

Cincinnati, OH
$187,000
2.5%
14.4%

Cleveland, OH
$146,000
-2.7%
1.4%

Columbus, OH
$210,000
-0.5%
5.1%

Dallas, TX
$303,400
2.8%
2.8%

Dayton, OH
$135,000
-3.5%
3.8%

Denver, CO
$412,500
-0.6%
4.4%

Detroit, MI
$135,000
-3.6%
9.8%

El Paso, TX
$172,700
1.9%
8.6%

Elgin, IL
$215,000
-7.3%
0.9%

Fort Lauderdale, FL
$280,000
1.5%
8.6%

Fort Worth, TX
$249,900
1.6%
4.6%

Frederick, MD
$410,000
-2.9%
4.9%

Fresno, CA
$277,000
-3.8%
5.3%

Grand Rapids, MI
$205,000
-0.5%
7.9%

Greensboro, NC
$175,500
-2.5%
13.3%

Greenville, SC
$213,000
-1.5%
2.4%

Hartford, CT
$219,900
-0.5%
4.5%

Houston, TX
$254,000
4.5%
5.8%

Indianapolis, IN
$192,000
3.2%
9.7%

Jacksonville, FL
$238,000
2.6%
3.5%

Kansas City, MO
$225,000
2.3%
9.8%

Knoxville, TN
$219,000
1.2%
12.9%

Lake County, IL
$224,600
-2.8%
4.5%

Las Vegas, NV
$295,000
2.4%
6.5%

Los Angeles, CA
$649,000
1.4%
8.2%

Louisville, KY
$198,000
4.2%
7.0%

McAllen, TX
$164,000
2.6%
12.4%

Memphis, TN
$190,000
5.6%
15.9%

Miami, FL
$317,000
1.0%
7.5%

Milwaukee, WI
$218,000
0.4%
11.8%

Minneapolis, MN
$279,800
-0.1%
7.6%

Montgomery County, PA
$315,000
-1.6%
5.0%

Nashville, TN
$313,600
2.5%
8.2%

Nassau County, NY
$465,000
2.2%
6.9%

New Brunswick, NJ
$317,500
-3.8%
3.8%

New Haven, CT
$215,000
2.4%
3.6%

New Orleans, LA
$229,400
-2.4%
6.5%

New York, NY
$488,000
-3.4%
-2.4%

Newark, NJ
$368,500
2.6%
13.4%

North Port, FL
$285,200
2.1%
6.4%

Oakland, CA
$725,000
0.8%
5.3%

Oklahoma City, OK
$185,000
0.6%
10.4%

Omaha, NE
$200,200
-3.3%
5.4%

Orlando, FL
$266,500
4.1%
6.6%

Oxnard, CA
$606,500
-0.6%
1.1%

Philadelphia, PA
$215,000
-1.4%
13.2%

Phoenix, AZ
$292,500
2.6%
10.4%

Pittsburgh, PA
$169,900
-4.0%
4.6%

Portland, OR
$400,000
-2.7%
3.9%

Providence, RI
$289,000
-2.2%
7.8%

Raleigh, NC
$290,000
-1.0%
3.9%

Richmond, VA
$265,000
3.9%
11.8%

Riverside, CA
$380,000
0.1%
5.8%

Rochester, NY
$149,900
-0.1%
9.0%

Sacramento, CA
$410,000
-0.7%
3.8%

Salt Lake City, UT
$348,300
1.0%
10.6%

San Antonio, TX
$235,000
4.2%
4.4%

San Diego, CA
$581,000
-3.2%
2.8%

San Francisco, CA
$1,322,500
-3.8%
-1.7%

San Jose, CA
$1,053,800
-2.5%
2.3%

Seattle, WA
$572,500
3.1%
6.0%

St. Louis, MO
$185,300
1.8%
7.4%

Tacoma, WA
$375,000
0.0%
9.3%

Tampa, FL
$245,000
2.9%
7.0%

Tucson, AZ
$237,100
5.4%
12.9%

Tulsa, OK
$178,000
4.7%
7.2%

Urban Honolulu, HI
$615,000
6.8%
14.1%

Virginia Beach, VA
$239,900
3.0%
9.6%

Warren, MI
$211,000
-0.7%
8.2%

Washington, DC
$415,000
0.0%
3.8%

West Palm Beach, FL
$290,000
0.0%
8.3%

Worcester, MA
$282,000
2.5%
8.9%

National

$312,500

0.5%

6.9%

Homes Sold

Redfin Metro
Homes Sold, seasonally adjusted
Month-Over-Month
Year-Over-Year

Albany, NY
816
-5.0%
-1.6%

Allentown, PA
907
-1.0%
7.7%

Anaheim, CA
2,666
2.8%
32.7%

Atlanta, GA
9,230
1.3%
4.4%

Austin, TX
3,112
-0.4%
7.0%

Bakersfield, CA
736
-1.0%
-2.0%

Baltimore, MD
3,595
-0.2%
9.7%

Baton Rouge, LA
879
2.6%
15.8%

Boston, MA
4,447
7.1%
12.9%

Bridgeport, CT
1,068
5.1%
8.7%

Buffalo, NY
1,009
-6.0%
-4.3%

Camden, NJ
1,630
-3.7%
-4.6%

Charlotte, NC
3,860
0.8%
12.6%

Chicago, IL
8,156
3.6%
7.4%

Cincinnati, OH
2,695
0.6%
3.8%

Cleveland, OH
2,442
-1.5%
1.0%

Columbus, OH
2,654
1.2%
8.4%

Dallas, TX
5,804
2.0%
9.8%

Dayton, OH
1,030
1.2%
4.9%

Denver, CO
4,916
5.4%
15.4%

Detroit, MI
1,725
-0.5%
-5.2%

El Paso, TX
700
-2.6%
5.7%

Elgin, IL
937
-0.4%
2.5%

Fort Lauderdale, FL
2,894
-0.4%
3.6%

Fort Worth, TX
2,859
-0.7%
1.7%

Frederick, MD
1,489
-0.1%
8.0%

Fresno, CA
760
-1.5%
2.5%

Grand Rapids, MI
1,321
-3.6%
4.3%

Greensboro, NC
833
-1.5%
17.5%

Greenville, SC
1,169
7.2%
16.8%

Hartford, CT
1,315
1.1%
6.0%

Houston, TX
7,860
2.5%
10.4%

Indianapolis, IN
2,970
-1.4%
7.1%

Jacksonville, FL
2,497
2.6%
10.0%

Kansas City, MO
3,134
3.2%
9.5%

Knoxville, TN
1,278
3.9%
10.6%

Lake County, IL
1,082
4.3%
7.5%

Las Vegas, NV
3,477
0.1%
14.3%

Los Angeles, CA
5,905
-1.1%
10.1%

Louisville, KY
1,282
-9.6%
-1.0%

McAllen, TX
267
-14.6%
9.7%

Memphis, TN
1,092
-1.3%
-0.6%

Miami, FL
2,412
-6.0%
-1.6%

Milwaukee, WI
1,820
1.9%
8.9%

Minneapolis, MN
5,261
1.2%
6.7%

Montgomery County, PA
2,230
0.5%
4.6%

Nashville, TN
3,522
1.8%
16.1%

Nassau County, NY
2,551
-2.8%
-0.9%

New Brunswick, NJ
2,976
-5.9%
1.5%

New Haven, CT
939
1.7%
17.6%

New Orleans, LA
1,161
-6.1%
0.8%

New York, NY
4,318
-2.9%
-5.7%

Newark, NJ
2,187
4.0%
6.8%

North Port, FL
2,095
5.7%
24.4%

Oakland, CA
2,292
4.4%
11.3%

Oklahoma City, OK
1,916
-1.0%
9.3%

Omaha, NE
1,165
-1.4%
7.7%

Orlando, FL
4,082
2.6%
13.2%

Oxnard, CA
694
-5.0%
7.6%

Philadelphia, PA
2,123
-0.9%
0.3%

Phoenix, AZ
8,465
-0.8%
16.8%

Pittsburgh, PA
2,162
-0.8%
4.2%

Portland, OR
3,356
2.0%
14.0%

Providence, RI
1,853
2.0%
11.3%

Raleigh, NC
2,463
3.7%
17.3%

Richmond, VA
1,637
-0.1%
15.0%

Riverside, CA
4,769
0.3%
9.1%

Rochester, NY
1,051
-3.1%
-0.1%

Sacramento, CA
2,648
0.7%
6.7%

Salt Lake City, UT
1,497
-3.8%
-5.4%

San Antonio, TX
2,876
1.7%
7.2%

San Diego, CA
3,069
0.8%
16.4%

San Francisco, CA
916
0.7%
8.7%

San Jose, CA
1,208
-0.1%
12.8%

Seattle, WA
3,980
0.7%
10.5%

St. Louis, MO
3,547
2.6%
8.3%

Tacoma, WA
1,329
2.7%
2.2%

Tampa, FL
5,626
3.4%
13.3%

Tucson, AZ
1,557
2.3%
11.6%

Tulsa, OK
1,156
-2.5%
6.0%

Urban Honolulu, HI
748
0.9%
3.1%

Virginia Beach, VA
2,239
-4.1%
11.4%

Warren, MI
3,412
-0.1%
1.2%

Washington, DC
6,043
1.4%
1.4%

West Palm Beach, FL
2,780
-0.3%
4.3%

Worcester, MA
1,029
0.9%
5.1%

National

276,800

1.0%

6.8%

New Listings

Redfin Metro
New Listings, seasonally adjusted
Month-Over-Month
Year-Over-Year

Albany, NY
934
-0.4%
-15.6%

Allentown, PA
845
-2.5%
-19.8%

Anaheim, CA
2,727
0.0%
-7.5%

Atlanta, GA
10,670
1.7%
0.8%

Austin, TX
3,524
-0.4%
1.5%

Bakersfield, CA
876
-4.6%
-5.0%

Baltimore, MD
4,025
-4.0%
-6.3%

Baton Rouge, LA
821
-12.4%
-23.2%

Boston, MA
4,573
0.0%
-8.7%

Bridgeport, CT
1,230
-0.3%
4.5%

Buffalo, NY
1,067
-4.0%
-16.2%

Camden, NJ
1,936
-1.6%
-7.5%

Charlotte, NC
4,079
0.8%
0.4%

Chicago, IL
10,393
0.9%
-0.4%

Cincinnati, OH
2,963
-0.9%
0.2%

Cleveland, OH
2,813
0.3%
-5.0%

Columbus, OH
2,766
-2.0%
-1.6%

Dallas, TX
7,143
0.7%
1.1%

Dayton, OH
1,166
4.7%
16.0%

Denver, CO
5,291
5.6%
8.5%

Detroit, MI
2,157
-1.6%
-8.3%

El Paso, TX
885
8.1%
3.5%

Elgin, IL
1,176
0.8%
0.3%

Fort Lauderdale, FL
3,539
-3.7%
-11.4%

Fort Worth, TX
3,534
3.2%
7.3%

Frederick, MD
1,685
-4.5%
2.9%

Fresno, CA
845
-6.7%
-7.3%

Grand Rapids, MI
1,404
-2.0%
-8.3%

Greensboro, NC
802
-2.3%
-4.6%

Greenville, SC
1,365
6.3%
13.0%

Hartford, CT
1,402
-4.7%
4.7%

Houston, TX
9,837
0.0%
2.3%

Indianapolis, IN
2,818
-6.7%
-6.3%

Jacksonville, FL
2,765
1.0%
4.8%

Kansas City, MO
2,831
-4.8%
-17.0%

Knoxville, TN
1,147
-12.1%
-9.1%

Lake County, IL
1,258
-7.2%
-14.8%

Las Vegas, NV
3,512
-3.2%
-19.5%

Los Angeles, CA
6,536
0.8%
-8.7%

Louisville, KY
1,420
-4.5%
-8.3%

McAllen, TX
409
-14.6%
-13.7%

Memphis, TN
1,224
-4.9%
-11.1%

Miami, FL
3,704
-5.6%
-11.5%

Milwaukee, WI
1,875
1.1%
-16.8%

Minneapolis, MN
5,547
0.0%
0.9%

Montgomery County, PA
2,679
-0.5%
6.6%

Nashville, TN
3,988
-2.4%
3.5%

Nassau County, NY
3,262
-1.5%
-4.3%

New Brunswick, NJ
3,330
-8.0%
-14.8%

New Haven, CT
984
-6.9%
-1.4%

New Orleans, LA
1,340
-7.7%
-0.4%

New York, NY
7,530
0.7%
-5.5%

Newark, NJ
2,326
-9.9%
-18.1%

North Port, FL
2,214
-1.6%
0.8%

Oakland, CA
2,492
2.8%
-3.2%

Oklahoma City, OK
2,169
2.4%
6.0%

Omaha, NE
1,275
6.2%
11.6%

Orlando, FL
4,493
-1.5%
-0.1%

Oxnard, CA
796
0.1%
-4.8%

Philadelphia, PA
2,632
-7.5%
-6.4%

Phoenix, AZ
8,094
-1.0%
-8.8%

Pittsburgh, PA
2,483
-1.9%
5.7%

Portland, OR
3,317
-1.6%
1.2%

Providence, RI
2,089
-1.0%
-5.0%

Raleigh, NC
2,379
-8.4%
-6.7%

Richmond, VA
1,705
-1.0%
-3.6%

Riverside, CA
5,203
-0.7%
-7.9%

Rochester, NY
1,194
1.1%
4.4%

Sacramento, CA
2,980
0.2%
-5.5%

Salt Lake City, UT
1,357
-2.8%
-26.0%

San Antonio, TX
3,573
4.3%
7.5%

San Diego, CA
3,233
0.7%
-5.5%

San Francisco, CA
1,047
4.8%
4.2%

San Jose, CA
1,174
3.1%
-15.7%

Seattle, WA
4,062
1.5%
15.8%

St. Louis, MO
3,050
-6.2%
-21.5%

Tacoma, WA
1,364
6.8%
5.3%

Tampa, FL
5,886
-1.4%
-4.9%

Tulsa, OK
1,127
-3.5%
-19.9%

Urban Honolulu, HI
839
-5.2%
-20.6%

Virginia Beach, VA
2,424
-4.8%
-3.2%

Warren, MI
3,818
-1.0%
-9.1%

Washington, DC
6,625
-1.3%
-2.0%

West Palm Beach, FL
3,493
0.1%
-5.3%

Worcester, MA
1,046
-15.8%
-14.6%

National

304,600

-1.3%

-5.1%

All Homes for Sale

Redfin Metro
All Homes for Sale
Month-Over-Month
Year-Over-Year

Albany, NY
2,456
-15.1%
-16.3%

Allentown, PA
1,595
-11.6%
-32.4%

Anaheim, CA
4,752
-26.2%
-32.2%

Atlanta, GA
22,448
-10.4%
-8.9%

Austin, TX
5,421
-16.5%
-19.1%

Bakersfield, CA
1,531
-13.7%
-20.1%

Baltimore, MD
7,937
-20.1%
-13.7%

Baton Rouge, LA
3,301
-0.9%
-11.1%

Birmingham, AL
3,333
-14.7%
-17.3%

Boston, MA
5,365
-34.6%
-19.2%

Bridgeport, CT
4,159
-19.8%
-9.4%

Buffalo, NY
1,663
-16.2%
-19.9%

Camden, NJ
4,353
-15.6%
-28.6%

Charlotte, NC
7,925
-17.0%
-17.8%

Chicago, IL
26,941
-7.0%
14.9%

Cincinnati, OH
5,574
-18.1%
-16.0%

Cleveland, OH
5,938
-20.3%
-17.3%

Columbus, OH
4,573
-22.7%
-6.8%

Dallas, TX
13,881
-18.9%
-9.4%

Dayton, OH
1,938
-15.9%
-18.3%

Denver, CO
4,797
-28.5%
-19.2%

Detroit, MI
4,811
-12.7%
-5.5%

El Paso, TX
2,412
-9.8%
-2.5%

Elgin, IL
3,026
-1.4%
18.1%

Fort Lauderdale, FL
12,629
-5.2%
-10.1%

Fort Worth, TX
5,847
-17.6%
-6.0%

Frederick, MD
2,477
-24.5%
-8.9%

Fresno, CA
1,287
-18.7%
-23.3%

Grand Rapids, MI
2,077
-16.9%
-4.8%

Greensboro, NC
1,618
-10.4%
-23.3%

Greenville, SC
3,483
-10.7%
-0.5%

Hartford, CT
4,026
-19.7%
-12.0%

Houston, TX
23,688
-10.4%
-5.9%

Indianapolis, IN
4,563
-18.6%
-15.7%

Jacksonville, FL
6,240
-12.4%
-16.6%

Knoxville, TN
3,331
-11.3%
5.3%

Lake County, IL
3,830
-8.0%
8.2%

Las Vegas, NV
8,575
-14.7%
-13.7%

Los Angeles, CA
11,656
-24.9%
-28.4%

Louisville, KY
2,621
-15.7%
-8.8%

McAllen, TX
1,701
-7.7%
-12.5%

Memphis, TN
2,368
-15.1%
-11.1%

Miami, FL
17,075
-6.7%
-9.6%

Milwaukee, WI
3,585
-20.6%
-7.3%

Minneapolis, MN
7,011
-24.9%
-13.7%

Montgomery County, PA
4,311
-20.9%
-18.3%

Nashville, TN
9,074
-13.5%
-8.1%

Nassau County, NY
8,633
-15.0%
-11.1%

New Brunswick, NJ
9,280
-15.8%
-15.3%

New Haven, CT
2,704
-18.8%
-17.2%

New Orleans, LA
3,883
-10.8%
-2.1%

New York, NY
29,865
-8.0%
-12.7%

Newark, NJ
6,726
-15.5%
-8.2%

North Port, FL
6,324
-3.3%
-19.9%

Oakland, CA
1,597
-37.6%
-35.7%

Oklahoma City, OK
4,326
-8.4%
-14.1%

Omaha, NE
1,570
-15.4%
-12.5%

Orlando, FL
8,435
-10.0%
-17.9%

Oxnard, CA
1,502
-18.7%
-10.8%

Philadelphia, PA
5,466
-18.6%
-8.1%

Phoenix, AZ
13,259
-16.3%
-31.8%

Pittsburgh, PA
7,192
-13.6%
-5.3%

Portland, OR
4,653
-21.3%
-22.9%

Providence, RI
4,183
-19.7%
-18.1%

Raleigh, NC
5,030
-17.7%
-12.1%

Richmond, VA
2,470
-20.4%
-17.1%

Riverside, CA
11,805
-17.3%
-25.2%

Rochester, NY
1,361
-18.9%
-18.9%

Sacramento, CA
3,200
-28.5%
-32.7%

Salt Lake City, UT
1,561
-18.1%
-54.7%

San Antonio, TX
8,013
-11.0%
-4.1%

San Diego, CA
4,108
-24.2%
-40.3%

San Francisco, CA
850
-45.5%
-15.5%

San Jose, CA
923
-43.6%
-37.8%

Seattle, WA
3,308
-31.4%
-39.7%

St. Louis, MO
6,842
-12.8%
-25.0%

Tacoma, WA
1,042
-23.1%
-44.3%

Tampa, FL
11,303
-9.5%
-23.0%

Tulsa, OK
2,449
0.7%
-32.9%

Urban Honolulu, HI
3,040
-11.7%
-2.4%

Virginia Beach, VA
4,788
-16.0%
-24.2%

Warren, MI
7,095
-17.9%
-3.9%

Washington, DC
9,077
-23.6%
-19.1%

West Palm Beach, FL
12,387
-4.5%
-11.9%

Worcester, MA
1,695
-28.6%
-23.0%

National

646,800

-14.6%

-14.9%

Median Off-Market Redfin Estimate

Redfin Metro
Estimate
Month-Over-Month
Year-Over-Year

Albany, NY
$195,100
-6.2%
-9.3%

Allentown, PA
$208,200
-3.7%
-0.4%

Atlanta, GA
$226,900
-1.7%
4.2%

Austin, TX
$294,100
-4.3%
-2.0%

Bakersfield, CA
$189,600
-9.2%
-12.1%

Baltimore, MD
$266,200
-0.9%
4.9%

Baton Rouge, LA
$126,800
-16.6%
-16.2%

Birmingham, AL
$130,700
-8.2%
-12.1%

Boston, MA
$515,900
1.4%
5.9%

Bridgeport, CT
$388,600
0.1%
-37.8%

Buffalo, NY
$147,600
-5.5%
-5.7%

Camden, NJ
$201,900
-1.1%
4.7%

Charlotte, NC
$200,600
-3.2%
-2.1%

Chicago, IL
$259,400
1.3%
7.0%

Cincinnati, OH
$161,400
-5.1%
-3.9%

Cleveland, OH
$138,300
-4.3%
0.1%

Columbus, OH
$193,000
-2.8%
2.5%

Dallas, TX
$255,100
-2.9%
-0.4%

Dayton, OH
$121,800
-1.8%
4.3%

Denver, CO
$405,200
-1.5%
-1.0%

Detroit, MI
$102,200
-5.0%
-3.8%

Fort Lauderdale, FL
$266,300
-1.1%
1.4%

Fort Worth, TX
$216,400
-3.7%
1.8%

Fresno, CA
$255,000
-1.9%
0.7%

Grand Rapids, MI
$166,100
-2.1%
4.0%

Greenville, SC
$155,600
-10.5%
-7.8%

Hartford, CT
$221,400
0.0%
-34.4%

Houston, TX
$195,200
-4.7%
-5.9%

Indianapolis, IN
$160,600
-2.9%
0.5%

Jacksonville, FL
$206,200
-4.9%
-4.7%

Kansas City, MO
$179,200
-3.1%
-3.5%

Knoxville, TN
$174,100
-2.7%
16.1%

Las Vegas, NV
$280,200
-0.4%
2.7%

Los Angeles, CA
$633,900
-0.3%
0.6%

Louisville, KY
$173,000
-1.5%
14.8%

Memphis, TN
$142,300
-2.2%
5.8%

Miami, FL
$312,400
0.1%
5.8%

Milwaukee, WI
$194,900
-1.8%
-6.8%

Minneapolis, MN
$268,800
-1.3%
4.0%

Montgomery County, PA
$320,100
-0.9%
1.3%

Nashville, TN
$269,500
-1.2%
8.8%

New Haven, CT
$219,700
0.0%
-28.5%

New Orleans, LA
$167,700
-6.6%
-1.2%

Newark, NJ
$361,000
-3.1%
-2.9%

Oakland, CA
$761,300
-0.8%
-0.7%

Oklahoma City, OK
$142,500
-4.2%
1.1%

Omaha, NE
$186,500
0.2%
10.4%

Orlando, FL
$230,200
-2.8%
-0.3%

Oxnard, CA
$591,900
-1.4%
-1.6%

Philadelphia, PA
$185,800
-1.8%
-7.1%

Phoenix, AZ
$264,600
-3.2%
-1.0%

Pittsburgh, PA
$131,200
-8.4%
-9.3%

Portland, OR
$393,400
-1.5%
0.9%

Providence, RI
$287,600
-2.5%
-2.5%

Raleigh, NC
$251,700
-5.2%
-4.9%

Richmond, VA
$231,900
-1.1%
4.3%

Riverside, CA
$324,600
-7.3%
-11.0%

Rochester, NY
$142,500
-3.8%
-1.4%

Sacramento, CA
$406,200
-1.5%
1.2%

Salt Lake City, UT
$345,800
-0.1%
6.7%

San Antonio, TX
$181,800
-6.7%
-5.2%

San Diego, CA
$590,900
-1.2%
-0.2%

San Francisco, CA
$1,352,700
0.6%
0.9%

San Jose, CA
$1,116,000
-1.2%
-8.8%

Seattle, WA
$543,800
-2.7%
-3.0%

St. Louis, MO
$155,400
-3.9%
0.1%

Tacoma, WA
$349,000
-3.1%
1.3%

Tampa, FL
$214,900
-3.6%
-1.5%

Tucson, AZ
$197,900
-6.0%
-4.4%

Tulsa, OK
$128,500
-6.3%
-7.5%

Warren, MI
$208,100
-1.2%
-1.6%

Washington, DC
$395,500
-0.7%
2.1%

West Palm Beach, FL
$271,700
-1.0%
2.6%

Worcester, MA
$274,600
-3.5%
-3.3%

National

$283,400

-3.6%

3.6%

The post US Home Prices Up 7% in December appeared first on Redfin Blog.

such a great post

  Posted in Residential on

  by admin

COLUMBUS, Ohio (WSYX/WTTE) — Franklin County Treasurer Cheryl Brooks Sullivan is reminding taxpayers that their real estate property tax …

Rising costs of childcare hits families’ housing budgets, Freddie Mac says

  Posted in Residential on

  by admin

https://realtybiznews.com/rising-costs-of-childcare-hits-families-housing-budgets-freddie-mac-says/98757270/

Freddie Mac has warned that the rising cost of childcare services in the U.S. could force many low-income earners to put off their plans for homeownership.

In a new analysis published this week, Freddie Mac officials reported that U.S. childcare costs have risen by an average 49% over the last 25 years, while the cost of housing has increased by just 14% in the same period.

Freddie’s
researchers found that the average U.S. family spends $715 per month
on child care, rising to $758 per month if the parent with the most
childcare responsibilities (usually the mother) is also employed.

Families
with younger children aged four or less spend an average of $948 per
month on childcare, the report added.

Of
course, the impact of rising childcare costs is felt most keenly by
lower-income families, Freddie’s researchers said. A family that’s
making less than $1,500 per month would need to spend an average of
40% of their income on childcare, while a family that makes over
$4,500 per month would spend just 6.7% of their income.

Freddie
Mac’s chief economist Sam Khater said families today face a
never-ending list of expenses and that presents challenges for both
renters and homeowners. However, he said the burden of childcare is
one of the biggest challenges of all, considering its high cost
relative to people’s incomes.

“Our
analysis finds that those families paying for child care generally
are left with less money for housing,” Khater said. “Specifically,
we find they, on average, pay about half of the median mortgage
payment and nearly 80% of the median rent.”

The post Rising costs of childcare hits families’ housing budgets, Freddie Mac says appeared first on RealtyBizNews: Real Estate News.

Amazing I <3

  Posted in Residential on

  by admin

Architecture & Design | Commercial Contractors | Commercial Real Estate Brokers | Commercial Real Estate Sponsors| Residential Real Estate …

Rising costs of childcare hits families’ housing budgets, Freddie Mac says

  Posted in Residential on

  by admin

https://realtybiznews.com/rising-costs-of-childcare-hits-families-housing-budgets-freddie-mac-says/98757270/

Freddie Mac has warned that the rising cost of childcare services in the U.S. could force many low-income earners to put off their plans for homeownership.

In a new analysis published this week, Freddie Mac officials reported that U.S. childcare costs have risen by an average 49% over the last 25 years, while the cost of housing has increased by just 14% in the same period.

Freddie’s
researchers found that the average U.S. family spends $715 per month
on child care, rising to $758 per month if the parent with the most
childcare responsibilities (usually the mother) is also employed.

Families
with younger children aged four or less spend an average of $948 per
month on childcare, the report added.

Of
course, the impact of rising childcare costs is felt most keenly by
lower-income families, Freddie’s researchers said. A family that’s
making less than $1,500 per month would need to spend an average of
40% of their income on childcare, while a family that makes over
$4,500 per month would spend just 6.7% of their income.

Freddie
Mac’s chief economist Sam Khater said families today face a
never-ending list of expenses and that presents challenges for both
renters and homeowners. However, he said the burden of childcare is
one of the biggest challenges of all, considering its high cost
relative to people’s incomes.

“Our
analysis finds that those families paying for child care generally
are left with less money for housing,” Khater said. “Specifically,
we find they, on average, pay about half of the median mortgage
payment and nearly 80% of the median rent.”

The post Rising costs of childcare hits families’ housing budgets, Freddie Mac says appeared first on RealtyBizNews: Real Estate News.

I <3 ?

  Posted in Residential on

  by admin

An investor bought Uptown Center, a 22,816-square-foot retail property at 613 and 617 Uptown Boulevard in Cedar Hill. Constructed in 2005, the …

US Home Prices Up 7% in December

  Posted in Residential on

  by admin

https://www.redfin.com/blog/housing-market-news-december-2019/

A record shortage of homes for sale drove prices up on a monthly and annual basis.

U.S. home-sale prices increased 6.9% year over year in December to a median of $312,500 across the 217 metros Redfin tracks. Home prices were also up 1.1% month over month on a seasonally-adjusted basis, the largest increase since February 2018.

“Low mortgage rates and a strong economy fueled homebuyer demand in December, which boosted both home sales and prices,” said Redfin chief economist Daryl Fairweather. “Prices heated up in West Coast metros like Seattle and Los Angeles, which indicates the slowdown of 2019 has officially ended in these markets.”

Prices continued to increase the fastest in affordable metro areas in December. Among the 20 metro areas with the largest year-over-year price increases, 16 were below the national median, led in December by Memphis (median price $190,000, up 15.9%), Camden, NJ ($195,000, +14.7%) and Cincinnati ($187,000, +14.4%).

For the more expensive metro areas, a boost in the loan limits for mortgages backed by FHA, VA, Fannie Mae and Freddie Mac that takes effect in January could impact affordability and put upward pressure on home prices in the sweet spot of the limit increases. The new limit for most of the country is $510,400, up from $484,350 in 2019, while the limit in high-cost areas has increased to $765,600, up from $726,525 in 2019.

Of the 85 largest metro areas Redfin tracks, only two saw a year-over-year decline in the median sale price: In New York, home prices were down 2.4%—possibly as a result of the increase in New York City’s “mansion tax” on homes priced above $1 million. In San Francisco, they fell 1.7%.

Market Summary
December 2019
Month-Over-Month
Year-Over-Year

Median sale price
$312,500
0.5%
6.9%

Homes sold, seasonally-adjusted
276,800
1.0%
6.8%

New listings, seasonally-adjusted
304,600
-1.3%
-5.1%

All Homes for sale
646,800
-14.6%
-14.9%

Median days on market
50
5
-2

Months of supply
2.6
-0.5
-0.8

Sold above list
19.1%
-1.7 pts†
0.6 pts†

Median Off-Market Redfin Estimate
$283,400
-3.6%
3.6%

Average Sale-to-list
97.4%
-0.5 pts†
0.3 pts†

† – “pts” = percentage point change

Nationwide, home sales increased 6.8% year over year in December, the fifth consecutive month of increases, and were up 1.0% from November on a seasonally-adjusted basis.

The markets with the biggest increases in home sales from a year ago were Anaheim, CA (37.7%), North Port, FL (35.8%) and New Haven, CT (23.0%).

The supply of homes for sale fell 14.9% year over year, the biggest decline since March 2013 and the sixth straight month of declines. There were fewer homes for sale last month than any time since at least December 2012. Just one of the 85 largest metros tracked by Redfin posted a year-over-year increase in inventory: Knoxville, TN (5.3%).

Compared to a year ago, the biggest declines in the number of homes for sale were in Salt Lake City (-54.7%), Tacoma, WA (-44.3%) and San Diego, CA (-40.3%).

The rapid reduction in supply can be attributed both to the increase in home sales and to a decline in new listings, which fell 5.1% in December from a year earlier—the largest drop on record since our data began in 2012. “Many homeowners have refinanced their mortgages to take advantage of low interest rates and therefore feel committed to staying put,” continued Fairweather. “The lack of homes for sale is going to fuel competition and price growth in 2020.”

Seasonally-adjusted new listings in December fell the most from a year earlier in Salt Lake City (-50.4%), followed by Allentown, PA (-39.3%) and Kansas City, MO (-38.9%).

Homes sold in December spent two fewer days on market compared to the prior year. In December, the typical home went under contract in 50 days, compared to 52 days in December 2018.

The share of homes sold above list price increased year over year, coming in at 19.1% in December compared to 17.3% a year earlier.

Other December Highlights

Competition

Omaha and Tacoma were the fastest markets, with half of all homes pending sale in just 21 days, down from 23 days and 34 days a year earlier, respectively. Grand Rapids, MI was the next fastest market with 25 median days on market, followed by Buffalo, NY (25) and Fresno (26).
The most competitive market in December was San Francisco where 51.6% of homes sold above list price, followed by Oakland at 44.4%, Tacoma at 41.8%, San Jose at 40.0% and Los Angeles at 36.7%.

Prices

Memphis had the nation’s highest price growth, rising 15.9% since last year to $190,000. Camden, NJ had the second highest at 14.7% year-over-year price growth, followed by Cincinnati (14.4%), Honolulu (14.1%), and Newark, NJ (13.4%).
2 metros saw price declines in December: New York (-2.4%) and San Francisco (-1.7%).

Sales

Anaheim led the nation in year-over-year sales growth, up 37.7%, followed by North Port, FL, up 35.8%. New Haven rounded out the top three with sales up 23.0% from a year ago.
Salt Lake City saw the largest decline in sales since last year, falling 2.8%. Home sales in Camden and New York declined by 2.5% and 1.9%, respectively.

Inventory

Knoxville had the highest increase in the number of homes for sale, up 5.3% year over year.
Salt Lake City had the largest decrease in overall inventory, falling 54.7% since last December. Tacoma (-44.3%), San Diego (-40.3%), and Seattle (-39.7%) also saw far fewer homes available on the market than a year ago.

Redfin Estimate

Miami (90.2%) had the largest share of homes predicted to sell for below list price, according to Redfin Estimate data, followed by Fort Lauderdale (87.3%) and West Palm Beach (87.0%).
San Francisco (10.8%) had the largest share of homes predicted to sell at or above list price, followed by San Jose (15.1%) and Tacoma (17.4%).

Below are market-by-market breakdowns for prices, inventory, new listings and sales for markets with populations of 750,000 or more. For downloadable data on all of the markets Redfin tracks, visit the Redfin Data Center.

Median Sale Price

Redfin Metro
Median Sale Price
Month-Over-Month
Year-Over-Year

Albany, NY
$215,000
-3.4%
10.3%

Allentown, PA
$206,000
-1.9%
8.4%

Anaheim, CA
$720,000
0.0%
5.9%

Atlanta, GA
$250,000
2.0%
5.7%

Austin, TX
$322,400
4.4%
6.2%

Bakersfield, CA
$251,000
0.8%
11.1%

Baltimore, MD
$279,500
1.6%
7.5%

Baton Rouge, LA
$215,000
8.1%
5.9%

Birmingham, AL
$212,000
1.0%
9.8%

Boston, MA
$500,000
2.0%
10.4%

Bridgeport, CT
$390,000
2.6%
2.5%

Buffalo, NY
$160,000
0.6%
8.8%

Camden, NJ
$195,000
-2.5%
14.7%

Charlotte, NC
$267,000
3.5%
11.3%

Chicago, IL
$241,000
0.0%
5.2%

Cincinnati, OH
$187,000
2.5%
14.4%

Cleveland, OH
$146,000
-2.7%
1.4%

Columbus, OH
$210,000
-0.5%
5.1%

Dallas, TX
$303,400
2.8%
2.8%

Dayton, OH
$135,000
-3.5%
3.8%

Denver, CO
$412,500
-0.6%
4.4%

Detroit, MI
$135,000
-3.6%
9.8%

El Paso, TX
$172,700
1.9%
8.6%

Elgin, IL
$215,000
-7.3%
0.9%

Fort Lauderdale, FL
$280,000
1.5%
8.6%

Fort Worth, TX
$249,900
1.6%
4.6%

Frederick, MD
$410,000
-2.9%
4.9%

Fresno, CA
$277,000
-3.8%
5.3%

Grand Rapids, MI
$205,000
-0.5%
7.9%

Greensboro, NC
$175,500
-2.5%
13.3%

Greenville, SC
$213,000
-1.5%
2.4%

Hartford, CT
$219,900
-0.5%
4.5%

Houston, TX
$254,000
4.5%
5.8%

Indianapolis, IN
$192,000
3.2%
9.7%

Jacksonville, FL
$238,000
2.6%
3.5%

Kansas City, MO
$225,000
2.3%
9.8%

Knoxville, TN
$219,000
1.2%
12.9%

Lake County, IL
$224,600
-2.8%
4.5%

Las Vegas, NV
$295,000
2.4%
6.5%

Los Angeles, CA
$649,000
1.4%
8.2%

Louisville, KY
$198,000
4.2%
7.0%

McAllen, TX
$164,000
2.6%
12.4%

Memphis, TN
$190,000
5.6%
15.9%

Miami, FL
$317,000
1.0%
7.5%

Milwaukee, WI
$218,000
0.4%
11.8%

Minneapolis, MN
$279,800
-0.1%
7.6%

Montgomery County, PA
$315,000
-1.6%
5.0%

Nashville, TN
$313,600
2.5%
8.2%

Nassau County, NY
$465,000
2.2%
6.9%

New Brunswick, NJ
$317,500
-3.8%
3.8%

New Haven, CT
$215,000
2.4%
3.6%

New Orleans, LA
$229,400
-2.4%
6.5%

New York, NY
$488,000
-3.4%
-2.4%

Newark, NJ
$368,500
2.6%
13.4%

North Port, FL
$285,200
2.1%
6.4%

Oakland, CA
$725,000
0.8%
5.3%

Oklahoma City, OK
$185,000
0.6%
10.4%

Omaha, NE
$200,200
-3.3%
5.4%

Orlando, FL
$266,500
4.1%
6.6%

Oxnard, CA
$606,500
-0.6%
1.1%

Philadelphia, PA
$215,000
-1.4%
13.2%

Phoenix, AZ
$292,500
2.6%
10.4%

Pittsburgh, PA
$169,900
-4.0%
4.6%

Portland, OR
$400,000
-2.7%
3.9%

Providence, RI
$289,000
-2.2%
7.8%

Raleigh, NC
$290,000
-1.0%
3.9%

Richmond, VA
$265,000
3.9%
11.8%

Riverside, CA
$380,000
0.1%
5.8%

Rochester, NY
$149,900
-0.1%
9.0%

Sacramento, CA
$410,000
-0.7%
3.8%

Salt Lake City, UT
$348,300
1.0%
10.6%

San Antonio, TX
$235,000
4.2%
4.4%

San Diego, CA
$581,000
-3.2%
2.8%

San Francisco, CA
$1,322,500
-3.8%
-1.7%

San Jose, CA
$1,053,800
-2.5%
2.3%

Seattle, WA
$572,500
3.1%
6.0%

St. Louis, MO
$185,300
1.8%
7.4%

Tacoma, WA
$375,000
0.0%
9.3%

Tampa, FL
$245,000
2.9%
7.0%

Tucson, AZ
$237,100
5.4%
12.9%

Tulsa, OK
$178,000
4.7%
7.2%

Urban Honolulu, HI
$615,000
6.8%
14.1%

Virginia Beach, VA
$239,900
3.0%
9.6%

Warren, MI
$211,000
-0.7%
8.2%

Washington, DC
$415,000
0.0%
3.8%

West Palm Beach, FL
$290,000
0.0%
8.3%

Worcester, MA
$282,000
2.5%
8.9%

National

$312,500

0.5%

6.9%

Homes Sold

Redfin Metro
Homes Sold, seasonally adjusted
Month-Over-Month
Year-Over-Year

Albany, NY
816
-5.0%
-1.6%

Allentown, PA
907
-1.0%
7.7%

Anaheim, CA
2,666
2.8%
32.7%

Atlanta, GA
9,230
1.3%
4.4%

Austin, TX
3,112
-0.4%
7.0%

Bakersfield, CA
736
-1.0%
-2.0%

Baltimore, MD
3,595
-0.2%
9.7%

Baton Rouge, LA
879
2.6%
15.8%

Boston, MA
4,447
7.1%
12.9%

Bridgeport, CT
1,068
5.1%
8.7%

Buffalo, NY
1,009
-6.0%
-4.3%

Camden, NJ
1,630
-3.7%
-4.6%

Charlotte, NC
3,860
0.8%
12.6%

Chicago, IL
8,156
3.6%
7.4%

Cincinnati, OH
2,695
0.6%
3.8%

Cleveland, OH
2,442
-1.5%
1.0%

Columbus, OH
2,654
1.2%
8.4%

Dallas, TX
5,804
2.0%
9.8%

Dayton, OH
1,030
1.2%
4.9%

Denver, CO
4,916
5.4%
15.4%

Detroit, MI
1,725
-0.5%
-5.2%

El Paso, TX
700
-2.6%
5.7%

Elgin, IL
937
-0.4%
2.5%

Fort Lauderdale, FL
2,894
-0.4%
3.6%

Fort Worth, TX
2,859
-0.7%
1.7%

Frederick, MD
1,489
-0.1%
8.0%

Fresno, CA
760
-1.5%
2.5%

Grand Rapids, MI
1,321
-3.6%
4.3%

Greensboro, NC
833
-1.5%
17.5%

Greenville, SC
1,169
7.2%
16.8%

Hartford, CT
1,315
1.1%
6.0%

Houston, TX
7,860
2.5%
10.4%

Indianapolis, IN
2,970
-1.4%
7.1%

Jacksonville, FL
2,497
2.6%
10.0%

Kansas City, MO
3,134
3.2%
9.5%

Knoxville, TN
1,278
3.9%
10.6%

Lake County, IL
1,082
4.3%
7.5%

Las Vegas, NV
3,477
0.1%
14.3%

Los Angeles, CA
5,905
-1.1%
10.1%

Louisville, KY
1,282
-9.6%
-1.0%

McAllen, TX
267
-14.6%
9.7%

Memphis, TN
1,092
-1.3%
-0.6%

Miami, FL
2,412
-6.0%
-1.6%

Milwaukee, WI
1,820
1.9%
8.9%

Minneapolis, MN
5,261
1.2%
6.7%

Montgomery County, PA
2,230
0.5%
4.6%

Nashville, TN
3,522
1.8%
16.1%

Nassau County, NY
2,551
-2.8%
-0.9%

New Brunswick, NJ
2,976
-5.9%
1.5%

New Haven, CT
939
1.7%
17.6%

New Orleans, LA
1,161
-6.1%
0.8%

New York, NY
4,318
-2.9%
-5.7%

Newark, NJ
2,187
4.0%
6.8%

North Port, FL
2,095
5.7%
24.4%

Oakland, CA
2,292
4.4%
11.3%

Oklahoma City, OK
1,916
-1.0%
9.3%

Omaha, NE
1,165
-1.4%
7.7%

Orlando, FL
4,082
2.6%
13.2%

Oxnard, CA
694
-5.0%
7.6%

Philadelphia, PA
2,123
-0.9%
0.3%

Phoenix, AZ
8,465
-0.8%
16.8%

Pittsburgh, PA
2,162
-0.8%
4.2%

Portland, OR
3,356
2.0%
14.0%

Providence, RI
1,853
2.0%
11.3%

Raleigh, NC
2,463
3.7%
17.3%

Richmond, VA
1,637
-0.1%
15.0%

Riverside, CA
4,769
0.3%
9.1%

Rochester, NY
1,051
-3.1%
-0.1%

Sacramento, CA
2,648
0.7%
6.7%

Salt Lake City, UT
1,497
-3.8%
-5.4%

San Antonio, TX
2,876
1.7%
7.2%

San Diego, CA
3,069
0.8%
16.4%

San Francisco, CA
916
0.7%
8.7%

San Jose, CA
1,208
-0.1%
12.8%

Seattle, WA
3,980
0.7%
10.5%

St. Louis, MO
3,547
2.6%
8.3%

Tacoma, WA
1,329
2.7%
2.2%

Tampa, FL
5,626
3.4%
13.3%

Tucson, AZ
1,557
2.3%
11.6%

Tulsa, OK
1,156
-2.5%
6.0%

Urban Honolulu, HI
748
0.9%
3.1%

Virginia Beach, VA
2,239
-4.1%
11.4%

Warren, MI
3,412
-0.1%
1.2%

Washington, DC
6,043
1.4%
1.4%

West Palm Beach, FL
2,780
-0.3%
4.3%

Worcester, MA
1,029
0.9%
5.1%

National

276,800

1.0%

6.8%

New Listings

Redfin Metro
New Listings, seasonally adjusted
Month-Over-Month
Year-Over-Year

Albany, NY
934
-0.4%
-15.6%

Allentown, PA
845
-2.5%
-19.8%

Anaheim, CA
2,727
0.0%
-7.5%

Atlanta, GA
10,670
1.7%
0.8%

Austin, TX
3,524
-0.4%
1.5%

Bakersfield, CA
876
-4.6%
-5.0%

Baltimore, MD
4,025
-4.0%
-6.3%

Baton Rouge, LA
821
-12.4%
-23.2%

Boston, MA
4,573
0.0%
-8.7%

Bridgeport, CT
1,230
-0.3%
4.5%

Buffalo, NY
1,067
-4.0%
-16.2%

Camden, NJ
1,936
-1.6%
-7.5%

Charlotte, NC
4,079
0.8%
0.4%

Chicago, IL
10,393
0.9%
-0.4%

Cincinnati, OH
2,963
-0.9%
0.2%

Cleveland, OH
2,813
0.3%
-5.0%

Columbus, OH
2,766
-2.0%
-1.6%

Dallas, TX
7,143
0.7%
1.1%

Dayton, OH
1,166
4.7%
16.0%

Denver, CO
5,291
5.6%
8.5%

Detroit, MI
2,157
-1.6%
-8.3%

El Paso, TX
885
8.1%
3.5%

Elgin, IL
1,176
0.8%
0.3%

Fort Lauderdale, FL
3,539
-3.7%
-11.4%

Fort Worth, TX
3,534
3.2%
7.3%

Frederick, MD
1,685
-4.5%
2.9%

Fresno, CA
845
-6.7%
-7.3%

Grand Rapids, MI
1,404
-2.0%
-8.3%

Greensboro, NC
802
-2.3%
-4.6%

Greenville, SC
1,365
6.3%
13.0%

Hartford, CT
1,402
-4.7%
4.7%

Houston, TX
9,837
0.0%
2.3%

Indianapolis, IN
2,818
-6.7%
-6.3%

Jacksonville, FL
2,765
1.0%
4.8%

Kansas City, MO
2,831
-4.8%
-17.0%

Knoxville, TN
1,147
-12.1%
-9.1%

Lake County, IL
1,258
-7.2%
-14.8%

Las Vegas, NV
3,512
-3.2%
-19.5%

Los Angeles, CA
6,536
0.8%
-8.7%

Louisville, KY
1,420
-4.5%
-8.3%

McAllen, TX
409
-14.6%
-13.7%

Memphis, TN
1,224
-4.9%
-11.1%

Miami, FL
3,704
-5.6%
-11.5%

Milwaukee, WI
1,875
1.1%
-16.8%

Minneapolis, MN
5,547
0.0%
0.9%

Montgomery County, PA
2,679
-0.5%
6.6%

Nashville, TN
3,988
-2.4%
3.5%

Nassau County, NY
3,262
-1.5%
-4.3%

New Brunswick, NJ
3,330
-8.0%
-14.8%

New Haven, CT
984
-6.9%
-1.4%

New Orleans, LA
1,340
-7.7%
-0.4%

New York, NY
7,530
0.7%
-5.5%

Newark, NJ
2,326
-9.9%
-18.1%

North Port, FL
2,214
-1.6%
0.8%

Oakland, CA
2,492
2.8%
-3.2%

Oklahoma City, OK
2,169
2.4%
6.0%

Omaha, NE
1,275
6.2%
11.6%

Orlando, FL
4,493
-1.5%
-0.1%

Oxnard, CA
796
0.1%
-4.8%

Philadelphia, PA
2,632
-7.5%
-6.4%

Phoenix, AZ
8,094
-1.0%
-8.8%

Pittsburgh, PA
2,483
-1.9%
5.7%

Portland, OR
3,317
-1.6%
1.2%

Providence, RI
2,089
-1.0%
-5.0%

Raleigh, NC
2,379
-8.4%
-6.7%

Richmond, VA
1,705
-1.0%
-3.6%

Riverside, CA
5,203
-0.7%
-7.9%

Rochester, NY
1,194
1.1%
4.4%

Sacramento, CA
2,980
0.2%
-5.5%

Salt Lake City, UT
1,357
-2.8%
-26.0%

San Antonio, TX
3,573
4.3%
7.5%

San Diego, CA
3,233
0.7%
-5.5%

San Francisco, CA
1,047
4.8%
4.2%

San Jose, CA
1,174
3.1%
-15.7%

Seattle, WA
4,062
1.5%
15.8%

St. Louis, MO
3,050
-6.2%
-21.5%

Tacoma, WA
1,364
6.8%
5.3%

Tampa, FL
5,886
-1.4%
-4.9%

Tulsa, OK
1,127
-3.5%
-19.9%

Urban Honolulu, HI
839
-5.2%
-20.6%

Virginia Beach, VA
2,424
-4.8%
-3.2%

Warren, MI
3,818
-1.0%
-9.1%

Washington, DC
6,625
-1.3%
-2.0%

West Palm Beach, FL
3,493
0.1%
-5.3%

Worcester, MA
1,046
-15.8%
-14.6%

National

304,600

-1.3%

-5.1%

All Homes for Sale

Redfin Metro
All Homes for Sale
Month-Over-Month
Year-Over-Year

Albany, NY
2,456
-15.1%
-16.3%

Allentown, PA
1,595
-11.6%
-32.4%

Anaheim, CA
4,752
-26.2%
-32.2%

Atlanta, GA
22,448
-10.4%
-8.9%

Austin, TX
5,421
-16.5%
-19.1%

Bakersfield, CA
1,531
-13.7%
-20.1%

Baltimore, MD
7,937
-20.1%
-13.7%

Baton Rouge, LA
3,301
-0.9%
-11.1%

Birmingham, AL
3,333
-14.7%
-17.3%

Boston, MA
5,365
-34.6%
-19.2%

Bridgeport, CT
4,159
-19.8%
-9.4%

Buffalo, NY
1,663
-16.2%
-19.9%

Camden, NJ
4,353
-15.6%
-28.6%

Charlotte, NC
7,925
-17.0%
-17.8%

Chicago, IL
26,941
-7.0%
14.9%

Cincinnati, OH
5,574
-18.1%
-16.0%

Cleveland, OH
5,938
-20.3%
-17.3%

Columbus, OH
4,573
-22.7%
-6.8%

Dallas, TX
13,881
-18.9%
-9.4%

Dayton, OH
1,938
-15.9%
-18.3%

Denver, CO
4,797
-28.5%
-19.2%

Detroit, MI
4,811
-12.7%
-5.5%

El Paso, TX
2,412
-9.8%
-2.5%

Elgin, IL
3,026
-1.4%
18.1%

Fort Lauderdale, FL
12,629
-5.2%
-10.1%

Fort Worth, TX
5,847
-17.6%
-6.0%

Frederick, MD
2,477
-24.5%
-8.9%

Fresno, CA
1,287
-18.7%
-23.3%

Grand Rapids, MI
2,077
-16.9%
-4.8%

Greensboro, NC
1,618
-10.4%
-23.3%

Greenville, SC
3,483
-10.7%
-0.5%

Hartford, CT
4,026
-19.7%
-12.0%

Houston, TX
23,688
-10.4%
-5.9%

Indianapolis, IN
4,563
-18.6%
-15.7%

Jacksonville, FL
6,240
-12.4%
-16.6%

Knoxville, TN
3,331
-11.3%
5.3%

Lake County, IL
3,830
-8.0%
8.2%

Las Vegas, NV
8,575
-14.7%
-13.7%

Los Angeles, CA
11,656
-24.9%
-28.4%

Louisville, KY
2,621
-15.7%
-8.8%

McAllen, TX
1,701
-7.7%
-12.5%

Memphis, TN
2,368
-15.1%
-11.1%

Miami, FL
17,075
-6.7%
-9.6%

Milwaukee, WI
3,585
-20.6%
-7.3%

Minneapolis, MN
7,011
-24.9%
-13.7%

Montgomery County, PA
4,311
-20.9%
-18.3%

Nashville, TN
9,074
-13.5%
-8.1%

Nassau County, NY
8,633
-15.0%
-11.1%

New Brunswick, NJ
9,280
-15.8%
-15.3%

New Haven, CT
2,704
-18.8%
-17.2%

New Orleans, LA
3,883
-10.8%
-2.1%

New York, NY
29,865
-8.0%
-12.7%

Newark, NJ
6,726
-15.5%
-8.2%

North Port, FL
6,324
-3.3%
-19.9%

Oakland, CA
1,597
-37.6%
-35.7%

Oklahoma City, OK
4,326
-8.4%
-14.1%

Omaha, NE
1,570
-15.4%
-12.5%

Orlando, FL
8,435
-10.0%
-17.9%

Oxnard, CA
1,502
-18.7%
-10.8%

Philadelphia, PA
5,466
-18.6%
-8.1%

Phoenix, AZ
13,259
-16.3%
-31.8%

Pittsburgh, PA
7,192
-13.6%
-5.3%

Portland, OR
4,653
-21.3%
-22.9%

Providence, RI
4,183
-19.7%
-18.1%

Raleigh, NC
5,030
-17.7%
-12.1%

Richmond, VA
2,470
-20.4%
-17.1%

Riverside, CA
11,805
-17.3%
-25.2%

Rochester, NY
1,361
-18.9%
-18.9%

Sacramento, CA
3,200
-28.5%
-32.7%

Salt Lake City, UT
1,561
-18.1%
-54.7%

San Antonio, TX
8,013
-11.0%
-4.1%

San Diego, CA
4,108
-24.2%
-40.3%

San Francisco, CA
850
-45.5%
-15.5%

San Jose, CA
923
-43.6%
-37.8%

Seattle, WA
3,308
-31.4%
-39.7%

St. Louis, MO
6,842
-12.8%
-25.0%

Tacoma, WA
1,042
-23.1%
-44.3%

Tampa, FL
11,303
-9.5%
-23.0%

Tulsa, OK
2,449
0.7%
-32.9%

Urban Honolulu, HI
3,040
-11.7%
-2.4%

Virginia Beach, VA
4,788
-16.0%
-24.2%

Warren, MI
7,095
-17.9%
-3.9%

Washington, DC
9,077
-23.6%
-19.1%

West Palm Beach, FL
12,387
-4.5%
-11.9%

Worcester, MA
1,695
-28.6%
-23.0%

National

646,800

-14.6%

-14.9%

Median Off-Market Redfin Estimate

Redfin Metro
Estimate
Month-Over-Month
Year-Over-Year

Albany, NY
$195,100
-6.2%
-9.3%

Allentown, PA
$208,200
-3.7%
-0.4%

Atlanta, GA
$226,900
-1.7%
4.2%

Austin, TX
$294,100
-4.3%
-2.0%

Bakersfield, CA
$189,600
-9.2%
-12.1%

Baltimore, MD
$266,200
-0.9%
4.9%

Baton Rouge, LA
$126,800
-16.6%
-16.2%

Birmingham, AL
$130,700
-8.2%
-12.1%

Boston, MA
$515,900
1.4%
5.9%

Bridgeport, CT
$388,600
0.1%
-37.8%

Buffalo, NY
$147,600
-5.5%
-5.7%

Camden, NJ
$201,900
-1.1%
4.7%

Charlotte, NC
$200,600
-3.2%
-2.1%

Chicago, IL
$259,400
1.3%
7.0%

Cincinnati, OH
$161,400
-5.1%
-3.9%

Cleveland, OH
$138,300
-4.3%
0.1%

Columbus, OH
$193,000
-2.8%
2.5%

Dallas, TX
$255,100
-2.9%
-0.4%

Dayton, OH
$121,800
-1.8%
4.3%

Denver, CO
$405,200
-1.5%
-1.0%

Detroit, MI
$102,200
-5.0%
-3.8%

Fort Lauderdale, FL
$266,300
-1.1%
1.4%

Fort Worth, TX
$216,400
-3.7%
1.8%

Fresno, CA
$255,000
-1.9%
0.7%

Grand Rapids, MI
$166,100
-2.1%
4.0%

Greenville, SC
$155,600
-10.5%
-7.8%

Hartford, CT
$221,400
0.0%
-34.4%

Houston, TX
$195,200
-4.7%
-5.9%

Indianapolis, IN
$160,600
-2.9%
0.5%

Jacksonville, FL
$206,200
-4.9%
-4.7%

Kansas City, MO
$179,200
-3.1%
-3.5%

Knoxville, TN
$174,100
-2.7%
16.1%

Las Vegas, NV
$280,200
-0.4%
2.7%

Los Angeles, CA
$633,900
-0.3%
0.6%

Louisville, KY
$173,000
-1.5%
14.8%

Memphis, TN
$142,300
-2.2%
5.8%

Miami, FL
$312,400
0.1%
5.8%

Milwaukee, WI
$194,900
-1.8%
-6.8%

Minneapolis, MN
$268,800
-1.3%
4.0%

Montgomery County, PA
$320,100
-0.9%
1.3%

Nashville, TN
$269,500
-1.2%
8.8%

New Haven, CT
$219,700
0.0%
-28.5%

New Orleans, LA
$167,700
-6.6%
-1.2%

Newark, NJ
$361,000
-3.1%
-2.9%

Oakland, CA
$761,300
-0.8%
-0.7%

Oklahoma City, OK
$142,500
-4.2%
1.1%

Omaha, NE
$186,500
0.2%
10.4%

Orlando, FL
$230,200
-2.8%
-0.3%

Oxnard, CA
$591,900
-1.4%
-1.6%

Philadelphia, PA
$185,800
-1.8%
-7.1%

Phoenix, AZ
$264,600
-3.2%
-1.0%

Pittsburgh, PA
$131,200
-8.4%
-9.3%

Portland, OR
$393,400
-1.5%
0.9%

Providence, RI
$287,600
-2.5%
-2.5%

Raleigh, NC
$251,700
-5.2%
-4.9%

Richmond, VA
$231,900
-1.1%
4.3%

Riverside, CA
$324,600
-7.3%
-11.0%

Rochester, NY
$142,500
-3.8%
-1.4%

Sacramento, CA
$406,200
-1.5%
1.2%

Salt Lake City, UT
$345,800
-0.1%
6.7%

San Antonio, TX
$181,800
-6.7%
-5.2%

San Diego, CA
$590,900
-1.2%
-0.2%

San Francisco, CA
$1,352,700
0.6%
0.9%

San Jose, CA
$1,116,000
-1.2%
-8.8%

Seattle, WA
$543,800
-2.7%
-3.0%

St. Louis, MO
$155,400
-3.9%
0.1%

Tacoma, WA
$349,000
-3.1%
1.3%

Tampa, FL
$214,900
-3.6%
-1.5%

Tucson, AZ
$197,900
-6.0%
-4.4%

Tulsa, OK
$128,500
-6.3%
-7.5%

Warren, MI
$208,100
-1.2%
-1.6%

Washington, DC
$395,500
-0.7%
2.1%

West Palm Beach, FL
$271,700
-1.0%
2.6%

Worcester, MA
$274,600
-3.5%
-3.3%

National

$283,400

-3.6%

3.6%

The post US Home Prices Up 7% in December appeared first on Redfin Blog.

US Home Prices Up 7% in December

  Posted in Residential on

  by admin

https://www.redfin.com/blog/housing-market-news-december-2019/

A record shortage of homes for sale drove prices up on a monthly and annual basis.

U.S. home-sale prices increased 6.9% year over year in December to a median of $312,500 across the 217 metros Redfin tracks. Home prices were also up 1.1% month over month on a seasonally-adjusted basis, the largest increase since February 2018.

“Low mortgage rates and a strong economy fueled homebuyer demand in December, which boosted both home sales and prices,” said Redfin chief economist Daryl Fairweather. “Prices heated up in West Coast metros like Seattle and Los Angeles, which indicates the slowdown of 2019 has officially ended in these markets.”

Prices continued to increase the fastest in affordable metro areas in December. Among the 20 metro areas with the largest year-over-year price increases, 16 were below the national median, led in December by Memphis (median price $190,000, up 15.9%), Camden, NJ ($195,000, +14.7%) and Cincinnati ($187,000, +14.4%).

For the more expensive metro areas, a boost in the loan limits for mortgages backed by FHA, VA, Fannie Mae and Freddie Mac that takes effect in January could impact affordability and put upward pressure on home prices in the sweet spot of the limit increases. The new limit for most of the country is $510,400, up from $484,350 in 2019, while the limit in high-cost areas has increased to $765,600, up from $726,525 in 2019.

Of the 85 largest metro areas Redfin tracks, only two saw a year-over-year decline in the median sale price: In New York, home prices were down 2.4%—possibly as a result of the increase in New York City’s “mansion tax” on homes priced above $1 million. In San Francisco, they fell 1.7%.

Market Summary
December 2019
Month-Over-Month
Year-Over-Year

Median sale price
$312,500
0.5%
6.9%

Homes sold, seasonally-adjusted
276,800
1.0%
6.8%

New listings, seasonally-adjusted
304,600
-1.3%
-5.1%

All Homes for sale
646,800
-14.6%
-14.9%

Median days on market
50
5
-2

Months of supply
2.6
-0.5
-0.8

Sold above list
19.1%
-1.7 pts†
0.6 pts†

Median Off-Market Redfin Estimate
$283,400
-3.6%
3.6%

Average Sale-to-list
97.4%
-0.5 pts†
0.3 pts†

† – “pts” = percentage point change

Nationwide, home sales increased 6.8% year over year in December, the fifth consecutive month of increases, and were up 1.0% from November on a seasonally-adjusted basis.

The markets with the biggest increases in home sales from a year ago were Anaheim, CA (37.7%), North Port, FL (35.8%) and New Haven, CT (23.0%).

The supply of homes for sale fell 14.9% year over year, the biggest decline since March 2013 and the sixth straight month of declines. There were fewer homes for sale last month than any time since at least December 2012. Just one of the 85 largest metros tracked by Redfin posted a year-over-year increase in inventory: Knoxville, TN (5.3%).

Compared to a year ago, the biggest declines in the number of homes for sale were in Salt Lake City (-54.7%), Tacoma, WA (-44.3%) and San Diego, CA (-40.3%).

The rapid reduction in supply can be attributed both to the increase in home sales and to a decline in new listings, which fell 5.1% in December from a year earlier—the largest drop on record since our data began in 2012. “Many homeowners have refinanced their mortgages to take advantage of low interest rates and therefore feel committed to staying put,” continued Fairweather. “The lack of homes for sale is going to fuel competition and price growth in 2020.”

Seasonally-adjusted new listings in December fell the most from a year earlier in Salt Lake City (-50.4%), followed by Allentown, PA (-39.3%) and Kansas City, MO (-38.9%).

Homes sold in December spent two fewer days on market compared to the prior year. In December, the typical home went under contract in 50 days, compared to 52 days in December 2018.

The share of homes sold above list price increased year over year, coming in at 19.1% in December compared to 17.3% a year earlier.

Other December Highlights

Competition

Omaha and Tacoma were the fastest markets, with half of all homes pending sale in just 21 days, down from 23 days and 34 days a year earlier, respectively. Grand Rapids, MI was the next fastest market with 25 median days on market, followed by Buffalo, NY (25) and Fresno (26).
The most competitive market in December was San Francisco where 51.6% of homes sold above list price, followed by Oakland at 44.4%, Tacoma at 41.8%, San Jose at 40.0% and Los Angeles at 36.7%.

Prices

Memphis had the nation’s highest price growth, rising 15.9% since last year to $190,000. Camden, NJ had the second highest at 14.7% year-over-year price growth, followed by Cincinnati (14.4%), Honolulu (14.1%), and Newark, NJ (13.4%).
2 metros saw price declines in December: New York (-2.4%) and San Francisco (-1.7%).

Sales

Anaheim led the nation in year-over-year sales growth, up 37.7%, followed by North Port, FL, up 35.8%. New Haven rounded out the top three with sales up 23.0% from a year ago.
Salt Lake City saw the largest decline in sales since last year, falling 2.8%. Home sales in Camden and New York declined by 2.5% and 1.9%, respectively.

Inventory

Knoxville had the highest increase in the number of homes for sale, up 5.3% year over year.
Salt Lake City had the largest decrease in overall inventory, falling 54.7% since last December. Tacoma (-44.3%), San Diego (-40.3%), and Seattle (-39.7%) also saw far fewer homes available on the market than a year ago.

Redfin Estimate

Miami (90.2%) had the largest share of homes predicted to sell for below list price, according to Redfin Estimate data, followed by Fort Lauderdale (87.3%) and West Palm Beach (87.0%).
San Francisco (10.8%) had the largest share of homes predicted to sell at or above list price, followed by San Jose (15.1%) and Tacoma (17.4%).

Below are market-by-market breakdowns for prices, inventory, new listings and sales for markets with populations of 750,000 or more. For downloadable data on all of the markets Redfin tracks, visit the Redfin Data Center.

Median Sale Price

Redfin Metro
Median Sale Price
Month-Over-Month
Year-Over-Year

Albany, NY
$215,000
-3.4%
10.3%

Allentown, PA
$206,000
-1.9%
8.4%

Anaheim, CA
$720,000
0.0%
5.9%

Atlanta, GA
$250,000
2.0%
5.7%

Austin, TX
$322,400
4.4%
6.2%

Bakersfield, CA
$251,000
0.8%
11.1%

Baltimore, MD
$279,500
1.6%
7.5%

Baton Rouge, LA
$215,000
8.1%
5.9%

Birmingham, AL
$212,000
1.0%
9.8%

Boston, MA
$500,000
2.0%
10.4%

Bridgeport, CT
$390,000
2.6%
2.5%

Buffalo, NY
$160,000
0.6%
8.8%

Camden, NJ
$195,000
-2.5%
14.7%

Charlotte, NC
$267,000
3.5%
11.3%

Chicago, IL
$241,000
0.0%
5.2%

Cincinnati, OH
$187,000
2.5%
14.4%

Cleveland, OH
$146,000
-2.7%
1.4%

Columbus, OH
$210,000
-0.5%
5.1%

Dallas, TX
$303,400
2.8%
2.8%

Dayton, OH
$135,000
-3.5%
3.8%

Denver, CO
$412,500
-0.6%
4.4%

Detroit, MI
$135,000
-3.6%
9.8%

El Paso, TX
$172,700
1.9%
8.6%

Elgin, IL
$215,000
-7.3%
0.9%

Fort Lauderdale, FL
$280,000
1.5%
8.6%

Fort Worth, TX
$249,900
1.6%
4.6%

Frederick, MD
$410,000
-2.9%
4.9%

Fresno, CA
$277,000
-3.8%
5.3%

Grand Rapids, MI
$205,000
-0.5%
7.9%

Greensboro, NC
$175,500
-2.5%
13.3%

Greenville, SC
$213,000
-1.5%
2.4%

Hartford, CT
$219,900
-0.5%
4.5%

Houston, TX
$254,000
4.5%
5.8%

Indianapolis, IN
$192,000
3.2%
9.7%

Jacksonville, FL
$238,000
2.6%
3.5%

Kansas City, MO
$225,000
2.3%
9.8%

Knoxville, TN
$219,000
1.2%
12.9%

Lake County, IL
$224,600
-2.8%
4.5%

Las Vegas, NV
$295,000
2.4%
6.5%

Los Angeles, CA
$649,000
1.4%
8.2%

Louisville, KY
$198,000
4.2%
7.0%

McAllen, TX
$164,000
2.6%
12.4%

Memphis, TN
$190,000
5.6%
15.9%

Miami, FL
$317,000
1.0%
7.5%

Milwaukee, WI
$218,000
0.4%
11.8%

Minneapolis, MN
$279,800
-0.1%
7.6%

Montgomery County, PA
$315,000
-1.6%
5.0%

Nashville, TN
$313,600
2.5%
8.2%

Nassau County, NY
$465,000
2.2%
6.9%

New Brunswick, NJ
$317,500
-3.8%
3.8%

New Haven, CT
$215,000
2.4%
3.6%

New Orleans, LA
$229,400
-2.4%
6.5%

New York, NY
$488,000
-3.4%
-2.4%

Newark, NJ
$368,500
2.6%
13.4%

North Port, FL
$285,200
2.1%
6.4%

Oakland, CA
$725,000
0.8%
5.3%

Oklahoma City, OK
$185,000
0.6%
10.4%

Omaha, NE
$200,200
-3.3%
5.4%

Orlando, FL
$266,500
4.1%
6.6%

Oxnard, CA
$606,500
-0.6%
1.1%

Philadelphia, PA
$215,000
-1.4%
13.2%

Phoenix, AZ
$292,500
2.6%
10.4%

Pittsburgh, PA
$169,900
-4.0%
4.6%

Portland, OR
$400,000
-2.7%
3.9%

Providence, RI
$289,000
-2.2%
7.8%

Raleigh, NC
$290,000
-1.0%
3.9%

Richmond, VA
$265,000
3.9%
11.8%

Riverside, CA
$380,000
0.1%
5.8%

Rochester, NY
$149,900
-0.1%
9.0%

Sacramento, CA
$410,000
-0.7%
3.8%

Salt Lake City, UT
$348,300
1.0%
10.6%

San Antonio, TX
$235,000
4.2%
4.4%

San Diego, CA
$581,000
-3.2%
2.8%

San Francisco, CA
$1,322,500
-3.8%
-1.7%

San Jose, CA
$1,053,800
-2.5%
2.3%

Seattle, WA
$572,500
3.1%
6.0%

St. Louis, MO
$185,300
1.8%
7.4%

Tacoma, WA
$375,000
0.0%
9.3%

Tampa, FL
$245,000
2.9%
7.0%

Tucson, AZ
$237,100
5.4%
12.9%

Tulsa, OK
$178,000
4.7%
7.2%

Urban Honolulu, HI
$615,000
6.8%
14.1%

Virginia Beach, VA
$239,900
3.0%
9.6%

Warren, MI
$211,000
-0.7%
8.2%

Washington, DC
$415,000
0.0%
3.8%

West Palm Beach, FL
$290,000
0.0%
8.3%

Worcester, MA
$282,000
2.5%
8.9%

National

$312,500

0.5%

6.9%

Homes Sold

Redfin Metro
Homes Sold, seasonally adjusted
Month-Over-Month
Year-Over-Year

Albany, NY
816
-5.0%
-1.6%

Allentown, PA
907
-1.0%
7.7%

Anaheim, CA
2,666
2.8%
32.7%

Atlanta, GA
9,230
1.3%
4.4%

Austin, TX
3,112
-0.4%
7.0%

Bakersfield, CA
736
-1.0%
-2.0%

Baltimore, MD
3,595
-0.2%
9.7%

Baton Rouge, LA
879
2.6%
15.8%

Boston, MA
4,447
7.1%
12.9%

Bridgeport, CT
1,068
5.1%
8.7%

Buffalo, NY
1,009
-6.0%
-4.3%

Camden, NJ
1,630
-3.7%
-4.6%

Charlotte, NC
3,860
0.8%
12.6%

Chicago, IL
8,156
3.6%
7.4%

Cincinnati, OH
2,695
0.6%
3.8%

Cleveland, OH
2,442
-1.5%
1.0%

Columbus, OH
2,654
1.2%
8.4%

Dallas, TX
5,804
2.0%
9.8%

Dayton, OH
1,030
1.2%
4.9%

Denver, CO
4,916
5.4%
15.4%

Detroit, MI
1,725
-0.5%
-5.2%

El Paso, TX
700
-2.6%
5.7%

Elgin, IL
937
-0.4%
2.5%

Fort Lauderdale, FL
2,894
-0.4%
3.6%

Fort Worth, TX
2,859
-0.7%
1.7%

Frederick, MD
1,489
-0.1%
8.0%

Fresno, CA
760
-1.5%
2.5%

Grand Rapids, MI
1,321
-3.6%
4.3%

Greensboro, NC
833
-1.5%
17.5%

Greenville, SC
1,169
7.2%
16.8%

Hartford, CT
1,315
1.1%
6.0%

Houston, TX
7,860
2.5%
10.4%

Indianapolis, IN
2,970
-1.4%
7.1%

Jacksonville, FL
2,497
2.6%
10.0%

Kansas City, MO
3,134
3.2%
9.5%

Knoxville, TN
1,278
3.9%
10.6%

Lake County, IL
1,082
4.3%
7.5%

Las Vegas, NV
3,477
0.1%
14.3%

Los Angeles, CA
5,905
-1.1%
10.1%

Louisville, KY
1,282
-9.6%
-1.0%

McAllen, TX
267
-14.6%
9.7%

Memphis, TN
1,092
-1.3%
-0.6%

Miami, FL
2,412
-6.0%
-1.6%

Milwaukee, WI
1,820
1.9%
8.9%

Minneapolis, MN
5,261
1.2%
6.7%

Montgomery County, PA
2,230
0.5%
4.6%

Nashville, TN
3,522
1.8%
16.1%

Nassau County, NY
2,551
-2.8%
-0.9%

New Brunswick, NJ
2,976
-5.9%
1.5%

New Haven, CT
939
1.7%
17.6%

New Orleans, LA
1,161
-6.1%
0.8%

New York, NY
4,318
-2.9%
-5.7%

Newark, NJ
2,187
4.0%
6.8%

North Port, FL
2,095
5.7%
24.4%

Oakland, CA
2,292
4.4%
11.3%

Oklahoma City, OK
1,916
-1.0%
9.3%

Omaha, NE
1,165
-1.4%
7.7%

Orlando, FL
4,082
2.6%
13.2%

Oxnard, CA
694
-5.0%
7.6%

Philadelphia, PA
2,123
-0.9%
0.3%

Phoenix, AZ
8,465
-0.8%
16.8%

Pittsburgh, PA
2,162
-0.8%
4.2%

Portland, OR
3,356
2.0%
14.0%

Providence, RI
1,853
2.0%
11.3%

Raleigh, NC
2,463
3.7%
17.3%

Richmond, VA
1,637
-0.1%
15.0%

Riverside, CA
4,769
0.3%
9.1%

Rochester, NY
1,051
-3.1%
-0.1%

Sacramento, CA
2,648
0.7%
6.7%

Salt Lake City, UT
1,497
-3.8%
-5.4%

San Antonio, TX
2,876
1.7%
7.2%

San Diego, CA
3,069
0.8%
16.4%

San Francisco, CA
916
0.7%
8.7%

San Jose, CA
1,208
-0.1%
12.8%

Seattle, WA
3,980
0.7%
10.5%

St. Louis, MO
3,547
2.6%
8.3%

Tacoma, WA
1,329
2.7%
2.2%

Tampa, FL
5,626
3.4%
13.3%

Tucson, AZ
1,557
2.3%
11.6%

Tulsa, OK
1,156
-2.5%
6.0%

Urban Honolulu, HI
748
0.9%
3.1%

Virginia Beach, VA
2,239
-4.1%
11.4%

Warren, MI
3,412
-0.1%
1.2%

Washington, DC
6,043
1.4%
1.4%

West Palm Beach, FL
2,780
-0.3%
4.3%

Worcester, MA
1,029
0.9%
5.1%

National

276,800

1.0%

6.8%

New Listings

Redfin Metro
New Listings, seasonally adjusted
Month-Over-Month
Year-Over-Year

Albany, NY
934
-0.4%
-15.6%

Allentown, PA
845
-2.5%
-19.8%

Anaheim, CA
2,727
0.0%
-7.5%

Atlanta, GA
10,670
1.7%
0.8%

Austin, TX
3,524
-0.4%
1.5%

Bakersfield, CA
876
-4.6%
-5.0%

Baltimore, MD
4,025
-4.0%
-6.3%

Baton Rouge, LA
821
-12.4%
-23.2%

Boston, MA
4,573
0.0%
-8.7%

Bridgeport, CT
1,230
-0.3%
4.5%

Buffalo, NY
1,067
-4.0%
-16.2%

Camden, NJ
1,936
-1.6%
-7.5%

Charlotte, NC
4,079
0.8%
0.4%

Chicago, IL
10,393
0.9%
-0.4%

Cincinnati, OH
2,963
-0.9%
0.2%

Cleveland, OH
2,813
0.3%
-5.0%

Columbus, OH
2,766
-2.0%
-1.6%

Dallas, TX
7,143
0.7%
1.1%

Dayton, OH
1,166
4.7%
16.0%

Denver, CO
5,291
5.6%
8.5%

Detroit, MI
2,157
-1.6%
-8.3%

El Paso, TX
885
8.1%
3.5%

Elgin, IL
1,176
0.8%
0.3%

Fort Lauderdale, FL
3,539
-3.7%
-11.4%

Fort Worth, TX
3,534
3.2%
7.3%

Frederick, MD
1,685
-4.5%
2.9%

Fresno, CA
845
-6.7%
-7.3%

Grand Rapids, MI
1,404
-2.0%
-8.3%

Greensboro, NC
802
-2.3%
-4.6%

Greenville, SC
1,365
6.3%
13.0%

Hartford, CT
1,402
-4.7%
4.7%

Houston, TX
9,837
0.0%
2.3%

Indianapolis, IN
2,818
-6.7%
-6.3%

Jacksonville, FL
2,765
1.0%
4.8%

Kansas City, MO
2,831
-4.8%
-17.0%

Knoxville, TN
1,147
-12.1%
-9.1%

Lake County, IL
1,258
-7.2%
-14.8%

Las Vegas, NV
3,512
-3.2%
-19.5%

Los Angeles, CA
6,536
0.8%
-8.7%

Louisville, KY
1,420
-4.5%
-8.3%

McAllen, TX
409
-14.6%
-13.7%

Memphis, TN
1,224
-4.9%
-11.1%

Miami, FL
3,704
-5.6%
-11.5%

Milwaukee, WI
1,875
1.1%
-16.8%

Minneapolis, MN
5,547
0.0%
0.9%

Montgomery County, PA
2,679
-0.5%
6.6%

Nashville, TN
3,988
-2.4%
3.5%

Nassau County, NY
3,262
-1.5%
-4.3%

New Brunswick, NJ
3,330
-8.0%
-14.8%

New Haven, CT
984
-6.9%
-1.4%

New Orleans, LA
1,340
-7.7%
-0.4%

New York, NY
7,530
0.7%
-5.5%

Newark, NJ
2,326
-9.9%
-18.1%

North Port, FL
2,214
-1.6%
0.8%

Oakland, CA
2,492
2.8%
-3.2%

Oklahoma City, OK
2,169
2.4%
6.0%

Omaha, NE
1,275
6.2%
11.6%

Orlando, FL
4,493
-1.5%
-0.1%

Oxnard, CA
796
0.1%
-4.8%

Philadelphia, PA
2,632
-7.5%
-6.4%

Phoenix, AZ
8,094
-1.0%
-8.8%

Pittsburgh, PA
2,483
-1.9%
5.7%

Portland, OR
3,317
-1.6%
1.2%

Providence, RI
2,089
-1.0%
-5.0%

Raleigh, NC
2,379
-8.4%
-6.7%

Richmond, VA
1,705
-1.0%
-3.6%

Riverside, CA
5,203
-0.7%
-7.9%

Rochester, NY
1,194
1.1%
4.4%

Sacramento, CA
2,980
0.2%
-5.5%

Salt Lake City, UT
1,357
-2.8%
-26.0%

San Antonio, TX
3,573
4.3%
7.5%

San Diego, CA
3,233
0.7%
-5.5%

San Francisco, CA
1,047
4.8%
4.2%

San Jose, CA
1,174
3.1%
-15.7%

Seattle, WA
4,062
1.5%
15.8%

St. Louis, MO
3,050
-6.2%
-21.5%

Tacoma, WA
1,364
6.8%
5.3%

Tampa, FL
5,886
-1.4%
-4.9%

Tulsa, OK
1,127
-3.5%
-19.9%

Urban Honolulu, HI
839
-5.2%
-20.6%

Virginia Beach, VA
2,424
-4.8%
-3.2%

Warren, MI
3,818
-1.0%
-9.1%

Washington, DC
6,625
-1.3%
-2.0%

West Palm Beach, FL
3,493
0.1%
-5.3%

Worcester, MA
1,046
-15.8%
-14.6%

National

304,600

-1.3%

-5.1%

All Homes for Sale

Redfin Metro
All Homes for Sale
Month-Over-Month
Year-Over-Year

Albany, NY
2,456
-15.1%
-16.3%

Allentown, PA
1,595
-11.6%
-32.4%

Anaheim, CA
4,752
-26.2%
-32.2%

Atlanta, GA
22,448
-10.4%
-8.9%

Austin, TX
5,421
-16.5%
-19.1%

Bakersfield, CA
1,531
-13.7%
-20.1%

Baltimore, MD
7,937
-20.1%
-13.7%

Baton Rouge, LA
3,301
-0.9%
-11.1%

Birmingham, AL
3,333
-14.7%
-17.3%

Boston, MA
5,365
-34.6%
-19.2%

Bridgeport, CT
4,159
-19.8%
-9.4%

Buffalo, NY
1,663
-16.2%
-19.9%

Camden, NJ
4,353
-15.6%
-28.6%

Charlotte, NC
7,925
-17.0%
-17.8%

Chicago, IL
26,941
-7.0%
14.9%

Cincinnati, OH
5,574
-18.1%
-16.0%

Cleveland, OH
5,938
-20.3%
-17.3%

Columbus, OH
4,573
-22.7%
-6.8%

Dallas, TX
13,881
-18.9%
-9.4%

Dayton, OH
1,938
-15.9%
-18.3%

Denver, CO
4,797
-28.5%
-19.2%

Detroit, MI
4,811
-12.7%
-5.5%

El Paso, TX
2,412
-9.8%
-2.5%

Elgin, IL
3,026
-1.4%
18.1%

Fort Lauderdale, FL
12,629
-5.2%
-10.1%

Fort Worth, TX
5,847
-17.6%
-6.0%

Frederick, MD
2,477
-24.5%
-8.9%

Fresno, CA
1,287
-18.7%
-23.3%

Grand Rapids, MI
2,077
-16.9%
-4.8%

Greensboro, NC
1,618
-10.4%
-23.3%

Greenville, SC
3,483
-10.7%
-0.5%

Hartford, CT
4,026
-19.7%
-12.0%

Houston, TX
23,688
-10.4%
-5.9%

Indianapolis, IN
4,563
-18.6%
-15.7%

Jacksonville, FL
6,240
-12.4%
-16.6%

Knoxville, TN
3,331
-11.3%
5.3%

Lake County, IL
3,830
-8.0%
8.2%

Las Vegas, NV
8,575
-14.7%
-13.7%

Los Angeles, CA
11,656
-24.9%
-28.4%

Louisville, KY
2,621
-15.7%
-8.8%

McAllen, TX
1,701
-7.7%
-12.5%

Memphis, TN
2,368
-15.1%
-11.1%

Miami, FL
17,075
-6.7%
-9.6%

Milwaukee, WI
3,585
-20.6%
-7.3%

Minneapolis, MN
7,011
-24.9%
-13.7%

Montgomery County, PA
4,311
-20.9%
-18.3%

Nashville, TN
9,074
-13.5%
-8.1%

Nassau County, NY
8,633
-15.0%
-11.1%

New Brunswick, NJ
9,280
-15.8%
-15.3%

New Haven, CT
2,704
-18.8%
-17.2%

New Orleans, LA
3,883
-10.8%
-2.1%

New York, NY
29,865
-8.0%
-12.7%

Newark, NJ
6,726
-15.5%
-8.2%

North Port, FL
6,324
-3.3%
-19.9%

Oakland, CA
1,597
-37.6%
-35.7%

Oklahoma City, OK
4,326
-8.4%
-14.1%

Omaha, NE
1,570
-15.4%
-12.5%

Orlando, FL
8,435
-10.0%
-17.9%

Oxnard, CA
1,502
-18.7%
-10.8%

Philadelphia, PA
5,466
-18.6%
-8.1%

Phoenix, AZ
13,259
-16.3%
-31.8%

Pittsburgh, PA
7,192
-13.6%
-5.3%

Portland, OR
4,653
-21.3%
-22.9%

Providence, RI
4,183
-19.7%
-18.1%

Raleigh, NC
5,030
-17.7%
-12.1%

Richmond, VA
2,470
-20.4%
-17.1%

Riverside, CA
11,805
-17.3%
-25.2%

Rochester, NY
1,361
-18.9%
-18.9%

Sacramento, CA
3,200
-28.5%
-32.7%

Salt Lake City, UT
1,561
-18.1%
-54.7%

San Antonio, TX
8,013
-11.0%
-4.1%

San Diego, CA
4,108
-24.2%
-40.3%

San Francisco, CA
850
-45.5%
-15.5%

San Jose, CA
923
-43.6%
-37.8%

Seattle, WA
3,308
-31.4%
-39.7%

St. Louis, MO
6,842
-12.8%
-25.0%

Tacoma, WA
1,042
-23.1%
-44.3%

Tampa, FL
11,303
-9.5%
-23.0%

Tulsa, OK
2,449
0.7%
-32.9%

Urban Honolulu, HI
3,040
-11.7%
-2.4%

Virginia Beach, VA
4,788
-16.0%
-24.2%

Warren, MI
7,095
-17.9%
-3.9%

Washington, DC
9,077
-23.6%
-19.1%

West Palm Beach, FL
12,387
-4.5%
-11.9%

Worcester, MA
1,695
-28.6%
-23.0%

National

646,800

-14.6%

-14.9%

Median Off-Market Redfin Estimate

Redfin Metro
Estimate
Month-Over-Month
Year-Over-Year

Albany, NY
$195,100
-6.2%
-9.3%

Allentown, PA
$208,200
-3.7%
-0.4%

Atlanta, GA
$226,900
-1.7%
4.2%

Austin, TX
$294,100
-4.3%
-2.0%

Bakersfield, CA
$189,600
-9.2%
-12.1%

Baltimore, MD
$266,200
-0.9%
4.9%

Baton Rouge, LA
$126,800
-16.6%
-16.2%

Birmingham, AL
$130,700
-8.2%
-12.1%

Boston, MA
$515,900
1.4%
5.9%

Bridgeport, CT
$388,600
0.1%
-37.8%

Buffalo, NY
$147,600
-5.5%
-5.7%

Camden, NJ
$201,900
-1.1%
4.7%

Charlotte, NC
$200,600
-3.2%
-2.1%

Chicago, IL
$259,400
1.3%
7.0%

Cincinnati, OH
$161,400
-5.1%
-3.9%

Cleveland, OH
$138,300
-4.3%
0.1%

Columbus, OH
$193,000
-2.8%
2.5%

Dallas, TX
$255,100
-2.9%
-0.4%

Dayton, OH
$121,800
-1.8%
4.3%

Denver, CO
$405,200
-1.5%
-1.0%

Detroit, MI
$102,200
-5.0%
-3.8%

Fort Lauderdale, FL
$266,300
-1.1%
1.4%

Fort Worth, TX
$216,400
-3.7%
1.8%

Fresno, CA
$255,000
-1.9%
0.7%

Grand Rapids, MI
$166,100
-2.1%
4.0%

Greenville, SC
$155,600
-10.5%
-7.8%

Hartford, CT
$221,400
0.0%
-34.4%

Houston, TX
$195,200
-4.7%
-5.9%

Indianapolis, IN
$160,600
-2.9%
0.5%

Jacksonville, FL
$206,200
-4.9%
-4.7%

Kansas City, MO
$179,200
-3.1%
-3.5%

Knoxville, TN
$174,100
-2.7%
16.1%

Las Vegas, NV
$280,200
-0.4%
2.7%

Los Angeles, CA
$633,900
-0.3%
0.6%

Louisville, KY
$173,000
-1.5%
14.8%

Memphis, TN
$142,300
-2.2%
5.8%

Miami, FL
$312,400
0.1%
5.8%

Milwaukee, WI
$194,900
-1.8%
-6.8%

Minneapolis, MN
$268,800
-1.3%
4.0%

Montgomery County, PA
$320,100
-0.9%
1.3%

Nashville, TN
$269,500
-1.2%
8.8%

New Haven, CT
$219,700
0.0%
-28.5%

New Orleans, LA
$167,700
-6.6%
-1.2%

Newark, NJ
$361,000
-3.1%
-2.9%

Oakland, CA
$761,300
-0.8%
-0.7%

Oklahoma City, OK
$142,500
-4.2%
1.1%

Omaha, NE
$186,500
0.2%
10.4%

Orlando, FL
$230,200
-2.8%
-0.3%

Oxnard, CA
$591,900
-1.4%
-1.6%

Philadelphia, PA
$185,800
-1.8%
-7.1%

Phoenix, AZ
$264,600
-3.2%
-1.0%

Pittsburgh, PA
$131,200
-8.4%
-9.3%

Portland, OR
$393,400
-1.5%
0.9%

Providence, RI
$287,600
-2.5%
-2.5%

Raleigh, NC
$251,700
-5.2%
-4.9%

Richmond, VA
$231,900
-1.1%
4.3%

Riverside, CA
$324,600
-7.3%
-11.0%

Rochester, NY
$142,500
-3.8%
-1.4%

Sacramento, CA
$406,200
-1.5%
1.2%

Salt Lake City, UT
$345,800
-0.1%
6.7%

San Antonio, TX
$181,800
-6.7%
-5.2%

San Diego, CA
$590,900
-1.2%
-0.2%

San Francisco, CA
$1,352,700
0.6%
0.9%

San Jose, CA
$1,116,000
-1.2%
-8.8%

Seattle, WA
$543,800
-2.7%
-3.0%

St. Louis, MO
$155,400
-3.9%
0.1%

Tacoma, WA
$349,000
-3.1%
1.3%

Tampa, FL
$214,900
-3.6%
-1.5%

Tucson, AZ
$197,900
-6.0%
-4.4%

Tulsa, OK
$128,500
-6.3%
-7.5%

Warren, MI
$208,100
-1.2%
-1.6%

Washington, DC
$395,500
-0.7%
2.1%

West Palm Beach, FL
$271,700
-1.0%
2.6%

Worcester, MA
$274,600
-3.5%
-3.3%

National

$283,400

-3.6%

3.6%

The post US Home Prices Up 7% in December appeared first on Redfin Blog.