【Zillow】July 2019 Market Report-Home Value Growth Continues Steady Normalization as Inventory Creeps Up

• The rate of year-over-year home value growth has fallen in each of the past seven months. The median U.S. home is worth $229,000, up 5.2% from this time last year.
• Rents grew 1.9% on an annual basis. The median monthly rent in the U.S. is $1,592.
• For-sale inventory grew 1.3% year-over-year, and new listings are up 5.7% from a year ago.

The annual pace of U.S. home value growth slowed for the seventh straight month in July as the market continues to normalize and slowly find more balance between home buyers and sellers after years of seller control.

The typical U.S. home was worth $229,000 in July, up 5.2% from a year ago – the slowest annual appreciation recorded in any month since October 2015. In the same month last year, home values rose 7.7% year-over-year. Despite the slowdown, home values are still showing healthy growth after a brief stall earlier in the year. Monthly home value growth flatlined in both April and May, but bounced back to 0.3% in both June and July – exactly in line with long-term monthly averages.

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