
Home Sales Fell to One of the Lowest Levels on Record in May
There have been only two months in the past decade with fewer home sales. High home prices, elevated mortgage rates and an ongoing housing shortage
As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.

There have been only two months in the past decade with fewer home sales. High home prices, elevated mortgage rates and an ongoing housing shortage

The median asking rent climbed 0.8% year over year to $1,653—just $47 below the record high. Washington, D.C., Cincinnati and Chicago all saw double-digit increases.

The typical home in areas with LGBTQ+ housing protections costs $492,290, compared with $357,010 for the typical home in areas without protections. San Francisco and

Home prices grew 0.5% in April, the sixth consecutive month of similar increases. Elevated mortgage rates are curbing homebuyer demand, but prices continue to tick

The median home sale price rose 6% year over year to $434,000 as a lack of new listings buoyed prices. The total number of homes

Nine of the 10 metros facing the steepest drops in asking rents are in the Sun Belt. The exception is Seattle, where rents fell 7%

There have been only two months in the past decade with fewer home sales. High home prices, elevated mortgage rates and an ongoing housing shortage

The median asking rent climbed 0.8% year over year to $1,653—just $47 below the record high. Washington, D.C., Cincinnati and Chicago all saw double-digit increases.

The typical home in areas with LGBTQ+ housing protections costs $492,290, compared with $357,010 for the typical home in areas without protections. San Francisco and

Home prices grew 0.5% in April, the sixth consecutive month of similar increases. Elevated mortgage rates are curbing homebuyer demand, but prices continue to tick

The median home sale price rose 6% year over year to $434,000 as a lack of new listings buoyed prices. The total number of homes

Nine of the 10 metros facing the steepest drops in asking rents are in the Sun Belt. The exception is Seattle, where rents fell 7%