Other measures of the metro area’s market showed a similar pattern. The 3,423 new listings in August were down 11.7 percent from July’s 3,877 but up 10.5 percent over 3,099 in August 2012. Likewise, 2,614 pending sales represented a 4.5 percent dip compared with July’s 2,738 but a 9.5 percent increase over 2,387 in August of last year. Sales were also the strongest for an August since 2006, when 2,939 homes sold. Inventory inched up, with 8,003 homes on the market at the end of August, according to RMLS , or a 3.1-month supply.
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Housing market shows signs of stability
But conditions vary considerably by location. By go!! Teresa at MSN Real Estate 2 hours ago Post begins below video The real-estate market is inching back to “normal,” with more homes coming to market and prices beginning to stabilize. But the pace of change varies considerably by market, according to August data from realtor.com. The number of homes listed for sale nationwide rose 0.93% from July to August, even though the summer season was near its end. That puts the total inventory nationwide at 1.98 million homes for sale, down 2.5% from last August.
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