Altos Research Real-Time Housing Market Update - August 2011

Altos Research has published its 2011 housing report.

Quote:

The weekly prices are still trending downward, as they have been for the past six weeks. Five markets reported price increases this month, albeit small increases. Detroit was the only market reporting more than a 2% price increase.

Rising inventory across the composite markets provides further evidence of a gradual cooling of the summer market. Only six markets have escaped the rising inventory trend over the past three months.