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Winter 2016 National Real Estate SummaryUS Market Snapshot

Housing Market Condition Report - 3rd Quarter 2016

The 3rd quarter of 2016 continues to be an extension of the previous quarters of 2016 with home prices continuing to rise, home selling fast, and a very tight inventory of homes for sale. The most notable change in the 3rd quarter was a significant decrease in both buyer and seller activity occurring during the quarter. Our survey showed that buyer activity was down in 13% and seller activity down in 12% of the markets surveyed compared to the 2nd quarter. Additionally, buyer activity was down 6% and seller activity was up 4% compared to the same time last year. Home prices continue to rise and according to the latest National Association of Realtors (NAR) report indicates home prices have increased 5.6% over this time last year. NAR states that prices have increased for 55 consecutive months of year over year gains. Tight supply of homes available for sale and record low interest rates are largely responsible for the steady rise of home prices.

The data in this report comes primarily from a survey of HouseHunt real estate agents with "exclusive territories" across the United States. The grass roots approach to studying the housing market gives us a thorough look at where the real estate market is at the end of each quarter through the perspective of the local agents who are working in the trenches in each community.

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Select the desired state above and then click on any community to view current real estate news, reports and updates on real estate market conditions, trends, and rates for that area. The Market Conditions Reports provide current real estate housing market news, updates, trends and reports in each local community.
For more detailed information on current real estate market conditions, trends, and news, please contact one of the exclusive real estate agents representing your local market.

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Disclaimer: HouseHunt, Inc. and associated companies provide only advertising space to participating real estate agents and brokers. All current marketing content of real estate conditions and trends is provided by the participating local real estate agents and all market trends and reports compiled by these real estate agents should be independently verified.