Here is the latest data on US housing inventory metrics in January 2022.
Federal Reserve Bank of St. Louis (FRED) Data on Current Housing Market
Name 1/22 12/21 1/21
Median List Price $375,000 $375,000 $339,900
Average List Price $749,426 $723,641 $680,017
Med. Square Feet 1,788 1,799 1,820
Med. List/Sq. Feet $198/sq’ $196/sq’ $175/sq’
Active Listings 408,922 483,266 571,491
Med. DOM 61 54 71
New Listings 326,312 288,108 359,132
Price Increased #s 38,248 31,060 50,148
Price Reduced #s 77,104 97,876 106,828
Pending Listings 474,855 541,651 496,827
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Comparative Data by Year 2016
– July 2016
– Median Listing Price – $259,840
– Average Listing Price – $445,463
– Median Square Feet – 1,941
– Active Listing Count – 1,549,830
No Wonder
It’s no wonder homebuyers, particularly first-time homebuyers, are having such a challenging time trying to buy a house. The average listing price, not the sales price, has increased approximately +$300,000 PLUS the number of for-sale homes has dropped by over one million…all within 5.5 years.
Thanks to The Federal Reserve Bank of St. Louis (FRED).
