Year-Over-Year Home Sales Increase 3.2 Percent In September

October 20, 2016

According to the Redfin Housing Market Tracker, September’s home sales increased 3.2 percent from a year ago, and year-to-date sales were up 4 percent compared to the same period in 2015.

The typical house was sold in 46 days, four days faster than last year. The median sales price was up 4.4 percent year over year.

Many metrics are down on a month-to-month basis, though. Home sales (253,400 in September) dipped 11.8 percent from August, and the median sales price ($267,500) decreased 1.4 percent.

The report also found that Seattle has the fastest market, Fresno, Calif., had the largest decrease in overall inventory, and Deltona, Fla., had the nation’s highest price growth.

St. Louis, MO had the highest increase in the number of homes for sale, up 29.9% year over year, followed by Provo, UT (29.7%) and San Francisco, CA (22.3%).

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