Whether you’re buying your first home, preparing to sell, or simply keeping an eye on the real estate market, understanding housing market reports is key to making informed decisions. These reports provide a snapshot of current market conditions, trends, and economic indicators that can impact home values and timing.

In this guide, we’ll break down what housing market reports are, why they matter, and how to read them like a pro.

What Is a Housing Market Report?

A housing market report is a comprehensive summary of real estate data for a specific region over a set period—usually monthly or quarterly. It includes key statistics such as:

  • Median home prices

  • Number of homes sold

  • Inventory levels

  • Days on market

  • Price per square foot

  • Mortgage rate trends

These reports are commonly published by local real estate boards, MLS services, or national platforms like NAR (National Association of Realtors).

Why Housing Market Reports Matter

Whether you're a buyer, seller, investor, or homeowner, housing market data can help you:

  • Buy smarter: Know when prices are rising or cooling.

  • Price your home competitively: Avoid overpricing or underpricing.

  • Time your move: Gauge if it’s a buyer’s or seller’s market.

  • Understand your equity: Track home value trends in your area.

  • Identify investment opportunities: Spot growing neighborhoods or undervalued markets.

Key Metrics to Watch in Housing Market Reports

1. Median Sales Price

This tells you the middle price point of homes sold—not the average. If the median is rising, home values are likely increasing.

2. Days on Market (DOM)

This is the average number of days a listing stays on the market before selling. Fewer days suggest strong buyer demand.

3. Inventory/Supply

Measured in months, this shows how long it would take to sell all homes currently on the market.

  • 0–4 months: Seller’s market

  • 5–6 months: Balanced market

  • 7+ months: Buyer’s market

4. New Listings

This indicates how many homes have been listed during a reporting period. A sudden surge could signal more competition or shifting trends.

5. Price Per Square Foot

Useful for comparing value across different homes and neighborhoods.

How to Use Housing Market Reports to Your Advantage

For Buyers:

  • Watch for declining prices and longer DOM—signs you might get a better deal.

  • Use inventory data to strengthen your negotiation strategy.

For Sellers:

  • Monitor local comps and average pricing trends.

  • Look at new listings and DOM to price your home strategically.

For Investors:

  • Analyze year-over-year price changes and rental demand.

  • Identify areas with fast turnover and low inventory for strong ROI potential.

Where to Find Reliable Housing Market Reports

  • Local MLS (Multiple Listing Service)

  • Realtor.com and Redfin Data Center

  • National Association of Realtors (NAR)

  • Local real estate agents and brokerage reports

  • Your town or county assessor's office

Pro tip: Connect with a local real estate agent for personalized insights tailored to your neighborhood.

Understanding housing market reports puts you in control, whether you're buying, selling, or simply planning for the future. The real estate market can shift quickly, and staying informed helps you make smart, timely decisions.

Matt Witte strives to be the best realtor in Andover MA.

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