Real Time Housing Market Update

Housing Market Reports

Lexington Development strives to provide the latest, most up-to-date housing market research available in the marketplace today.

Scott Schaefer and Lexington Development provide this once monthly national Real Time Housing Market Update which is provided by California based real estate market research firm Altos Research. Although we update the information on this page as soon as updated research is made available by our partner, Altos Research, there likely exists some lag time from the date of fresh research until the date our customers and visitors read the report, we encourage the reader to visit our Real Time Housing Market Charts page, with market data which is updated daily.

The latest month's Housing Market Research Report permanently occupies this page. If, for some reason, you require previous editions of the research, please browse the Articles Archive on this website or search the site for Real Time, as older material is rotated off this page and into the article archive as soon as new information is published.

Current Real Time Housing Market Update

September 2010 brought with it a mixed bag of news. While nationally month-over-month price declines continue, there was hope in the name of diminishing inventory. Lower inventory will help to lessen the impact of weakening buyer demand in many markets. Week-over-week drops in price continue as well into the fall.

The Altos 10-City Composite declined 1.52% from the start of September. For the second consecutive month, home prices were down across the board; with price decreases in 25 of the 26 markets covered. Seasonality is evident in inventory trends, with since August, with inventory declines in 14 of the markets covered.

October 2010 Highlights

-The Altos 10-City Composite is now at $465,968, off 1.52% from last month.
-Continuing the trend from August, in September, home prices fell in 25 of the 26 markets covered.
-Cities that felt decreases most sharply were Tampa (-2.27%), San Francisco (-2.96%), and Phoenix (-4.55%).
-Fourteen of the 26 markets covered in this report showed increases in inventory, and nationally, inventory was down 2.24%.

September Home Price Trends

Once again, the Altos 10-City Composite fell in September 2010. Having declined consistently from its peak in 2009. The index was down 1.52% from August, to $465,968. As the market continues to correct, continued price decreases can be expected, likely until the early part of 2011, when the boost of the Spring market is felt. Price decreases were most evident in Phoenix (down 4.55%), Tampa (down 2.27%), and San Francisco (down 2.96%).