Local Market Reports

All real estate is local and every market is unique. To help REALTORS® and other housing market analysts get the most out of the plethora of data that is available, NAR Research produces a series of Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation's largest metropolitan housing markets. Each report evaluates a number of factors affecting home prices, including:

The health of the local job market
Foreclosure rates
Housing inventory
Debt-to-income and mortgage-servicing-costs-to-income ratios

Some Notes on Data Usage

NAR Research uses a variety of data sources in preparing the LMRs.

Housing Price and Sales Statistics - The National Association of REALTORS®
Labor statistics - U.S. Bureau of Labor Statistics (Establishment and Household Surveys)
Housing Permits Data - U.S. Census Bureau
Foreclosure Data - Mortgage Bankers' Association of America (MBAA)
State Economic Index - Federal Reserve Bank of Philadelphia

Every attempt is made to include the best data possible. If one data source is not available for a particular metro area, a second-best solution is substituted. For instance, the Bureau of Labor Statistics (BLS) does not provide employment figures for all metro areas from its Establishment Survey. Where this data is not available, we have substituted figures from the BLS's Household Survey.

PLEASE NOTE: If you do not see a metro area listed below, it means that we do not have data for that metro area for this quarter.

How to Read NAR's Local Market Reports (PDF: 342 KB)

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