Rising Prices Make Homeownership Affordability More Unequal Across the U.S. via Trulia Trends

The Trulia Price Monitor and the Trulia Rent Monitor are the earliest leading indicators of how asking prices and rents are trending nationally and locally. They adjust for the changing mix of listed homes and therefore show what’s really happening to asking prices and rents. Because asking prices lead sales prices by approximately two or more months, the Monitors reveal trends before other price indexes do. With that, here’s the scoop on where prices and rents are headed.

Prices Up 9.5% Year-over-Year, and Rising in 98 of 100 Largest Metros

In May, asking home prices rose 1.1% month-over-month, seasonally adjusted. That’s slower than in previous months — asking prices rose 1.4% in each of February, March, and April (includes revisions) – but still at a very fast clip. Quarter-over-quarter, prices are up 4.0%, seasonally adjusted. Year-over-year, prices are up 9.5% nationally and are higher than one year ago in 98 of the 100 largest metros.

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