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08-17-21 | News

July 2021 Housing Market Report

New Listings Rise 6.5% Nationwide

The July housing market report saw a 6.5 percent nationwide rise after the steep shortage over the course of the last year and a half.

In a July 2021 Housing Market Report that was recently released from Realtor.com, new listings rose 6.5 percent nationwide.

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The July national median listing price was $385,000, which is 11.1 percent higher that a year prior. However, the inventory of homes in southern metros are depicting a 39.9 percent year-over-year decline.

The typical home stayed on the market 38 days this July which is still 22 days less than last year. Markets like Columbus, Baltimore and Cleveland are seeing a year-over-year growth in newly listed homes while markets like Nashville, New York, and Raleigh are seeing a decline in new listings.

Homes are being quickly purchased as demand remains high, however, the time a home stays on the market is beginning to align with seasonal norms.

https://www.realtor.com/research/july-2021-data/

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