HOME PRICES ROSE 2.68% IN JUNE
National median list prices have been on the rise since the beginning of the year and now stand at $195,000, up 2.68 percent on a year-over-year basis, according to the June REALTOR.com® Trend Data released recently. Of 146 markets covered by REALTOR.com® , while list prices increased in 101 markets, held steady in 26 markets, and declined in just 19 markets. Sustained, record low inventories have been driving improving prices. The national median age of the inventory dropped to 84 days in June, down -9.67 percent on an annual basis and the size of REALTOR.com®'s inventory of homes for sale was 19.35 percent below a year ago. In June 2011, median list prices were down 1 percent or more on an annual basis in 79 of the 146 markets covered by REALTOR.com®. The nationwide median list price in June rose to $195,000. While list prices remained relatively constant throughout the 2011 home buying season, they have been rising steadily for the past five months, suggesting a growing opti