Quick Facts: Housing Market Update

A recent Realtor.com survey found 50% of today’s home shoppers want to purchase a property for under $288,000, 9.1%, or $27,000, below the median price of homes currently on the market. Roughly 94,000 homes priced between $100,000 and $340,000 would need to be put up for sale to achieve equilibrium. However, that would represent a 15% increase in the number of listings in this price range – homes priced above $750,000 is currently where inventory is growing the most, and even then there are only 11% more homes for sale in that price tier. (Marketwatch)