Housing Market Trend Report - June 2022

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Real Estate

According to the June 2022 Monthly Housing Market Trend Report by Realtor.com, it is visible through the datas that the inventory of homes being sold increased again for the month of June. They say it is "the largest increase in the data's history". 

  • The data reflects an increase by 18.7% in the national inventory of active listings. Meanwhile, the total inventory of unsold homes which includes pending listings still decreased by 1.4%.

However, Realtor.com states that there are more new listings recorded in June if compared to last year's data. 

  • Newly listed homes were up 4.5% nationally compared to a year ago, and up 3.1% for large metros over the past year. [1]
  • Sellers listed at roughly the same rate as 2017 to 2019, prior to the pandemic, up slightly by 1.0%. [1]

Also, with the median asking price at a new high and the time on market only one day longer than last month's record low, housing remains pricey and rapid.

  • The June national median listing price for active listings was $450,000, up 16.9% compared to last year and up 31.4% compared to June 2020. [1]
  • In large metros, median listing prices grew by 13.3% compared to last year, on average. [1]
  • Nationally, the typical home spent 32 days on the market in June, down 4 days from the same time last year and down 37 days from June 2020. [1]

Reference:

[1] Realtor.com