LocalAlpha

Market intelligence, in plain English

Data-driven analysis of U.S. housing markets — where they’re heating up, cooling, or turning — read straight from the data behind the Alpha Score.

Latest analysis

A year of inventory — six of the most oversupplied second-home ZIP codes in America, after setting aside disaster-recovery and investor-tower markets, charted against the national median of three months of supply.

Data reports

The Most Oversupplied Corner of American Housing Is the Vacation Home

Second-home markets carry nearly twice the unsold inventory of everywhere else — and a tail of them is sitting on more than a year of it.

Aug 16, 20267 min read

Two bars for Pueblo County, Colorado over the year to May 2026. The median sale price fell 3.4% while the price per square foot rose 9.2%, from a median of $323,375 to $312,500 across 192 sales.

Data reports

Home Prices 'Fell' in 537 US Counties. Nearly Half Got More Expensive.

In Pueblo County, Colorado, the median sale price fell 3.4% last year. Per square foot, housing got 9.2% more expensive. That gap is not the market turning. It is which houses happened to sell.

Aug 11, 20268 min read

The count of US ZIP codes where sellers lost more than a point of pricing power while prices rose, by year: 2,602 in 2023, 1,076 in 2024, 1,138 in 2025, and 559 in 2026.

Market analysis

In 559 Markets, Buyers Stopped Paying Whatever the Seller Asked

In 559 ZIP codes sellers gave up more than a point of asking price in the year to May 2026 while the sale price itself rose — and in 428 of them the median ask had gone up, not down. The gap was worth about $6,700 more than a year earlier, and markets like this were the rarest in four years.

Jul 31, 202610 min read

Over ask, then under ask — ZIP 11756 (Levittown, New York) went from selling at 102.8% of asking to 98.8% in a single year, while the median price rose 4.7%.

Market analysis

The Price Says Up. The Negotiating Table Says Otherwise.

In the 90 days to May 2026, sellers in 559 ZIP codes gave up more than a point of asking price compared with a year earlier, while the median price rose. The price alone would not tell you that.

Jul 25, 20269 min read

A rising home-price line pulling away from a steadier fundamentals line, a widening shaded gap opening between them

Investor guides

How to Tell If a Housing Market Is Overvalued (5 Signals You Can Check)

Five signals tell you whether a market's prices have run past the fundamentals that support them — and every one comes from data you can check yourself.

Jun 28, 202616 min read