This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here®'s January Trend Data Shows Ripe Conditions For Home Values Increasing In The New Year

SAN JOSE, Calif., Feb. 14, 2013 /PRNewswire/ --®, a leader in online real estate operated by Move, Inc. (NASDAQ: MOVE), released its January data on the U.S. housing market today, offering valuable insight into the latest real estate trends.®'s January 2013 national housing data indicates that listing inventories decreased 16.47 percent year-over-year; median age of inventory was at 108 days, a 9.24 percent decrease year-over-year; and median list prices are slightly higher increasing .80 percent year-over year to $187,000.

The findings indicate opportunities in local markets for both buyers and sellers. With inventories at record lows and list prices increasing,®'s 2013 Best Sellers Markets are Sacramento, CA; San Jose, CA; San Francisco, CA; Phoenix, AZ; and Washington, DC. For consumers looking for a competitive edge heading into the busy spring buying season,®'s Top Buyers Markets are Asheville, NC; Peoria, IL; Charleston, WV; Philadelphia, PA; and Cleveland, OH.

"We connect consumers to the home of their dreams by delivering the most comprehensive selection and accurate housing data for homes currently on sale or for rent," said Steve Berkowitz, chief executive officer of Move, Inc. "If inventories remain low and list prices begin to rise over the next few months, as they did last year, conditions will be ripe for additional markets to appreciate in 2013."

National Data In January, the total number of single-family homes, condos, townhomes and co-ops for sale in the U.S. decreased by 16.47 percent from one year ago, dropping to its lowest point since January 2007, when® began collecting this data. The significant year-over-year decline in homes for sale shows that the real estate market has worked through much of its excess inventory and, if these conditions continue, sellers are more likely to receive their asking price. While the median list price is essentially the same as it was one year ago, the average amount of time a home spent on the market decreased 9.24 percent on a year-over-year basis.
  • The national for-sale inventory for single family homes, condos, townhomes and co-ops (SFH/CTHCOPS) (1,477,266) continued to decline in January, falling by 5.63 percent during the month and by 16.47 percent on an annual basis.
  • The national median list price for SFH/CTHCOPS ( $187,000) increased .80 percent in January and is now slightly higher than it was one year ago. 
  • The median age of inventory of for-sale listings was 108 days in January, down 2.70 percent from December and 9.24 percent below the median age one year ago ( January 2012).

Local Data Regional January data suggests that at a local level, trends for both growth and decline observed in 2012 are continuing into 2013. States that were once at the center of the housing crisis, including Arizona, California and Washington, are continuing on upward trajectories. In several markets, particularly in California, home sellers are seeing a dramatic advantage when putting their homes on the market with some of the best prices in recent years. Alternatively, markets in the older industrialized parts of the Midwest and the East will likely continue to struggle without a significant turnaround in their local economies.
  •®'s 2013 Best Sellers Markets are Sacramento, CA; San Jose, CA; San Francisco, CA; Phoenix, AZ; and Washington, DC.
  •®'s Top Buyers Markets are Asheville, NC; Peoria, IL; Charleston, WV; Philadelphia, PA; and Cleveland, OH.

A number of factors will contribute to the continuation of a housing recovery this year, including the strength of the economy, the cost and availability of mortgage credit, consumer expectations regarding future housing prices and the success of efforts to reduce the number of foreclosures.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.99 -0.02%
FB $99.54 -0.21%
GOOG $678.11 -0.68%
TSLA $148.25 0.18%
YHOO $26.82 -0.85%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs