02/24/2025
Inventory Grows Closer to the Six-Month Ideal
If you've been frustrated by lack of housing inventory, this year's trend is good news...new listings are up by 7.4% from February 2024. This is equal to around five months of inventory, up from 4.4 months a year earlier.
Median sales prices are on the move across the nation, with Pittsburgh, Pennsylvania at the top of the list. On a year-over-year basis, Pittsburgh home buyers paid 14.8% more than last January/February, closely followed by buyers in Nassau County, New York (12.2%) and West Palm Beach, Florida (11.5%).
Metro areas seeing the largest annual decreases were led by Austin, Texas, where prices fell by 4.5%. Prices in Tampa and Jacksonville, Florida fell by 2.1% and 0.1% respectively, while prices in Warren, Michigan fell by 0.2%