Trulia: More Homes Up for Sale – NMP Skip to main content

Trulia: More Homes Up for Sale

Sep 28, 2018
Home prices during September increased nationally by 3.5 percent from one year earlier and were also up by 0.4 percent from August

More homes are currently available for sale than at any other point this year, according to the new Inventory and Price Watch Report from Trulia.
 
Although the national inventory level is down 2.5 percent from one year ago, the number of homes for sale during the third quarter dropped to its slowest annual pace since 2015 and has climbed in several major markets, including San Jose (66.9 percent), Salt Lake City (45.0 percent) and Seattle (44.3 percent).
 
However, this does not mean that housing has become more affordable. Trulia has found that starter homebuyers would pay 25.6 percent of their income toward a mortgage (up 3.3 percent from 22.3 percent a year ago), compared to 24.4 percent for trade-up buyers (up 2.3 percent points) and 21 percent for premium buyers (up 1.3 percent).
 
"Homebuyers may be pleasantly surprised to see more homes on the market, as housing inventory starts to make a comeback after years of decline," said Cheryl Young, Senior Economist, Trulia. "While this is ultimately good news for frustrated buyers, years of steadily increasing prices mean that those hoping to buy a home will need to spend a bigger share of their income once they find one. Nonetheless, those buyers daunted by low inventory and high prices have reason to be cautiously optimistic as parts of the housing market begin to ease."

 
About the author
Published
Sep 28, 2018
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026