The prolonged 2020 homebuying season is showing signs of settling and may finally experience the long overdue seasonal slowdown, according to realtor.com®‘s Weekly Housing Report for the week ending Oct. 17. The latest report found home price growth declined slightly for the second week in a row, while the number of homes for sale and pace at which they are selling appears to be leveling off — tidbits of good news for buyers in what very much remains a seller’s market heading into November.
“During a time when the housing market usually slows down, we are once again reminded that 2020 is anything but typical. Going into the last half of October, the median U.S. home for sale is still priced near the year’s peak and is selling almost two weeks faster than last year,” said realtor.com® Chief Economist Danielle Hale. “At the same time, the pace of change has steadied and for some indicators, even slowed. This could be a welcome relief for buyers who have navigated not only a pandemic, but also a fiercely competitive 2020 homebuying season characterized by double-digit price growth and record low inventory.”
Listing price growth slows for second week in a row
Finding a home remains challenging, but isn’t getting worse
Homes are selling fast, but are showing signs of easing
Overall housing market health remains strong
Metro |
Median Listing Price YoY |
Total Listings YoY |
Median Days on Market YoY |
Akron, Ohio |
6.5% |
-53.7% |
14 days faster |
Albany-Schenectady-Troy, N.Y. |
15.2% |
-42.2% |
17 days faster |
Albuquerque, N.M. |
14.5% |
-50.9% |
8 days faster |
Allentown-Bethlehem-Easton, Pa.-N.J. |
20.0% |
-56.6% |
35 days faster |
Atlanta-Sandy Springs-Roswell, Ga. |
10.6% |
-44.3% |
8 days faster |
Augusta-Richmond County, Ga.-S.C. |
6.9% |
-46.9% |
29 days faster |
Austin-Round Rock, Texas |
17.7% |
-47.8% |
13 days faster |
Bakersfield, Calif. |
15.4% |
-44.0% |
15 days faster |
Baltimore-Columbia-Towson, Md. |
4.6% |
-51.4% |
9 days faster |
Baton Rouge, La. |
12.7% |
-38.9% |
1 days faster |
Birmingham-Hoover, Ala. |
0.2% |
-35.7% |
17 days faster |
Boise City, Idaho |
18.1% |
-71.3% |
4 days faster |
Boston-Cambridge-Newton, Mass.-N.H. |
13.4% |
-27.4% |
11 days faster |
Bridgeport-Stamford-Norwalk, Conn. |
1.4% |
-25.0% |
43 days faster |
Buffalo-Cheektowaga-Niagara Falls, N.Y. |
5.1% |
-45.5% |
5 days slower |
Cape Coral-Fort Myers, Fla. |
11.8% |
-36.1% |
19 days faster |
Charleston-North Charleston, S.C. |
15.0% |
-42.2% |
23 days faster |
Charlotte-Concord-Gastonia, N.C.-S.C. |
7.7% |
-49.0% |
14 days faster |
Chattanooga, Tenn.-Ga. |
12.3% |
-53.6% |
12 days faster |
Chicago-Naperville-Elgin, Ill.-Ind.-Wis. |
9.5% |
-32.1% |
7 days faster |
Cincinnati, Ohio-Ky.-Ind. |
15.6% |
-44.3% |
12 days faster |
Cleveland-Elyria, Ohio |
3.8% |
-47.3% |
17 days faster |
Colorado Springs, Colo. |
4.7% |
-52.0% |
14 days faster |
Columbia, S.C. |
6.7% |
-48.2% |
20 days faster |
Columbus, Ohio |
7.1% |
-48.7% |
9 days faster |
Dallas-Fort Worth-Arlington, Texas |
4.5% |
-46.5% |
10 days faster |
Dayton, Ohio |
17.7% |
-44.6% |
13 days faster |
Deltona-Daytona Beach-Ormond Beach, Fla. |
5.9% |
-42.2% |
22 days faster |
Denver-Aurora-Lakewood, Colo. |
5.0% |
-43.9% |
7 days faster |
Des Moines-West Des Moines, Iowa |
5.2% |
-34.2% |
14 days faster |
Detroit-Warren-Dearborn, Mich |
12.5% |
-47.1% |
7 days faster |
Durham-Chapel Hill, N.C. |
15.8% |
-46.6% |
10 days faster |
El Paso, Texas |
18.0% |
-43.9% |
15 days faster |
Fresno, Calif. |
4.2% |
-55.0% |
19 days faster |
Grand Rapids-Wyoming, Mich |
7.2% |
-46.9% |
No change |
Greensboro-High Point, N.C. |
5.7% |
-49.8% |
18 days faster |
Greenville-Anderson-Mauldin, S.C. |
5.6% |
-39.5% |
10 days faster |
Harrisburg-Carlisle, Pa. |
6.5% |
-54.8% |
6 days faster |
Hartford-West Hartford-East Hartford, Conn. |
7.1% |
-29.5% |
23 days faster |
Houston-The Woodlands-Sugar Land, Texas |
8.1% |
-32.5% |
10 days faster |
Indianapolis-Carmel-Anderson, Ind. |
3.8% |
-48.0% |
14 days faster |
Jackson, Miss. |
19.4% |
-47.3% |
18 days faster |
Jacksonville, Fla. |
2.6% |
-45.2% |
17 days faster |
Kansas City, Mo.-Kan. |
10.2% |
-48.8% |
10 days faster |
Knoxville, Tenn. |
14.0% |
-52.1% |
16 days faster |
Lakeland-Winter Haven, Fla. |
6.4% |
-29.2% |
6 days faster |
Las Vegas-Henderson-Paradise, Nev. |
7.9% |
-8.4% |
7 days faster |
Little Rock-North Little Rock-Conway, Ark. |
22.6% |
-49.3% |
17 days faster |
Los Angeles-Long Beach-Anaheim, Calif. |
17.4% |
-21.4% |
8 days faster |
Louisville/Jefferson County, Ky.-Ind. |
3.2% |
-50.2% |
11 days faster |
Madison, Wis. |
4.1% |
-41.4% |
10 days faster |
McAllen-Edinburg-Mission, Texas |
20.0% |
-46.3% |
30 days faster |
Memphis, Tenn.-Miss.-Ark. |
11.6% |
-49.2% |
14 days faster |
Miami-Fort Lauderdale-West Palm Beach, Fla. |
2.5% |
-15.6% |
1 days faster |
Milwaukee-Waukesha-West Allis, Wis. |
3.5% |
-38.9% |
5 days faster |
Minneapolis-St. Paul-Bloomington, Minn.-Wis. |
2.4% |
-29.6% |
8 days faster |
Nashville-Davidson–Murfreesboro–Franklin, Tenn. |
8.1% |
-44.2% |
5 days faster |
New Haven-Milford, Conn. |
7.6% |
-21.5% |
28 days faster |
New Orleans-Metairie, La. |
15.5% |
-38.4% |
9 days faster |
New York-Newark-Jersey City, N.Y.-N.J.-Pa. |
12.7% |
-5.6% |
4 days faster |
North Port-Sarasota-Bradenton, Fla. |
3.5% |
-34.6% |
19 days faster |
Oklahoma City, Okla. |
8.8% |
-40.2% |
6 days faster |
Omaha-Council Bluffs, Neb.-Iowa |
5.4% |
-46.7% |
11 days slower |
Orlando-Kissimmee-Sanford, Fla. |
1.6% |
-20.1% |
5 days faster |
Oxnard-Thousand Oaks-Ventura, Calif. |
7.7% |
-39.8% |
13 days faster |
Palm Bay-Melbourne-Titusville, Fla. |
6.6% |
-40.9% |
7 days faster |
Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md. |
16.8% |
-42.0% |
11 days faster |
Phoenix-Mesa-Scottsdale, Ariz. |
9.5% |
-46.1% |
7 days faster |
Pittsburgh, Pa. |
25.3% |
-36.1% |
10 days faster |
Portland-South Portland, Maine |
11.4% |
-46.0% |
34 days faster |
Portland-Vancouver-Hillsboro, Ore.-Wash. |
10.1% |
-43.4% |
2 days faster |
Providence-Warwick, R.I.-Mass. |
5.3% |
-52.3% |
9 days faster |
Raleigh, N.C. |
6.3% |
-45.7% |
10 days faster |
Richmond, Va. |
13.5% |
-49.1% |
8 days faster |
Riverside-San Bernardino-Ontario, Calif. |
14.9% |
-52.8% |
12 days faster |
Rochester, N.Y. |
12.5% |
-42.8% |
12 days faster |
Sacramento–Roseville–Arden-Arcade, Calif. |
12.5% |
-47.3% |
15 days faster |
Salt Lake City, Utah |
14.0% |
-50.6% |
11 days faster |
San Antonio-New Braunfels, Texas |
5.0% |
-40.6% |
9 days faster |
San Diego-Carlsbad, Calif. |
11.1% |
-24.3% |
19 days faster |
San Francisco-Oakland-Hayward, Calif. |
10.7% |
-2.9% |
3 days faster |
San Jose-Sunnyvale-Santa Clara, Calif. |
9.1% |
-16.4% |
11 days faster |
Scranton–Wilkes-Barre–Hazleton, Pa. |
21.6% |
-53.2% |
34 days faster |
Seattle-Tacoma-Bellevue, Wash. |
5.8% |
-30.9% |
10 days faster |
Spokane-Spokane Valley, Wash. |
11.4% |
-49.6% |
3 days faster |
Springfield, Mass. |
20.9% |
-45.9% |
14 days faster |
St. Louis, Mo.-Ill. |
11.2% |
-38.5% |
9 days faster |
Stockton-Lodi, Calif. |
4.9% |
-62.7% |
6 days faster |
Syracuse, N.Y. |
11.1% |
-42.9% |
7 days faster |
Tampa-St. Petersburg-Clearwater, Fla. |
10.7% |
-42.5% |
12 days faster |
Toledo, Ohio |
13.2% |
-39.8% |
10 days faster |
Tucson, Ariz. |
3.8% |
-41.8% |
6 days faster |
Tulsa, Okla. |
12.9% |
-40.0% |
10 days faster |
Urban Honolulu, Hawaii |
-10.9% |
26.1% |
3 days slower |
Virginia Beach-Norfolk-Newport News, Va.-N.C. |
6.7% |
-46.8% |
21 days faster |
Washington-Arlington-Alexandria, DC-Va.-Md.-W. Va. |
4.6% |
-37.6% |
6 days faster |
Wichita, Kan. |
8.1% |
-38.3% |
14 days faster |
Winston-Salem, N.C. |
7.5% |
-48.2% |
16 days faster |
Worcester, Mass.-Conn. |
11.0% |
-51.6% |
24 days faster |
Youngstown-Warren-Boardman, Ohio-Pa. |
11.9% |
-52.8% |
21 days faster |
Media contact:
Janice McDill, janice.mcdill@move.com, 312.307.3134