
Rental Market Tracker: Asking Rents Are Inching Closer to Their Record High
The West is the only region seeing a drop in asking rents, which are coming back down to earth after surging a record 19% last
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.

The West is the only region seeing a drop in asking rents, which are coming back down to earth after surging a record 19% last

Luxury home prices in the Bay Area and Seattle fell between 10% and 13% in the second quarter—more than anywhere else in the country. Nationwide,

Nearly 400,000 more people moved into than out of the most flood-prone counties in 2021 and 2022—a 103% increase from the prior two years. The

The median sale price was just 1.5% below its all-time high in June, and the average home sold for above its list price for the

Rent growth has slowed rapidly, but rents remain costly as landlords offer perks like free parking instead of lowering prices to fill vacant units. The

The Cape Coral metro area has more than made up for the plunge in new listings caused by the storm. Home sales have also started

The West is the only region seeing a drop in asking rents, which are coming back down to earth after surging a record 19% last

Luxury home prices in the Bay Area and Seattle fell between 10% and 13% in the second quarter—more than anywhere else in the country. Nationwide,

Nearly 400,000 more people moved into than out of the most flood-prone counties in 2021 and 2022—a 103% increase from the prior two years. The

The median sale price was just 1.5% below its all-time high in June, and the average home sold for above its list price for the

Rent growth has slowed rapidly, but rents remain costly as landlords offer perks like free parking instead of lowering prices to fill vacant units. The

The Cape Coral metro area has more than made up for the plunge in new listings caused by the storm. Home sales have also started