Home listing prices, inventory edge up in Q2
Monday, July 26, 2010
Both sellers' asking prices and inventory levels of residential properties rose slightly during the second quarter of this year, according to a market gauge developed by Altos Research that tracks such statistics in 10 major cities.
Altos' 10-city composite includes Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco, and Washington, D.C.
The composite of home prices essentially flat lined between May and June. However May had marked the first time in nine months that Altos' index posted a month-over-month increase as most of the major cities broke free of the downward spiral, and it helped to push the second quarter reading up 0.2 percent.
