Realtor.com recently released its January 2018 housing trend analysis for the top 500 metro areas. Overall, it looks like 2018 is off to a good start in most markets. Affordability for first-time buyers combined with low inventory makes it a seller’s market for entry-level to mid-tier homes, defined by realtor.com as $100,000-$350,000. The jury is out on the direct impact the stock market’s recent volatility will have on housing.
Here are the national numbers comparing January 2018 with January 2017:
Median Listing Price: $269,500, up 8%.
Days on Market: 89 days, down 7%.
Inventory: 1.23 million listings, down 8%.