Closed home sales jumped in May, reflecting April’s dipping mortgage rates and a strong labor market. But pending home sales were flat, a real-time reflection of May’s rising mortgage rates and economic uncertainty, which dampened buyers’ appetites. The Bay Area’s AI-fueled hot housing market contributed to the surge in closed sales, with double-digit sales upticks […]
Mortgage rates jumped to a 10-month high, spooking would-be homebuyers and sellers after a few weeks of solid demand. U.S. pending home sales fell 1.1% from a week earlier during the week ending May 17, the first decline since early April. Pending sales are still at their second-highest level since September 2022, but it’s notable
Pending Home Sales Slip for First Time Since Early April as Mortgage Rates Climb Read More »
The median U.S. home sale price rose 2.4% year over year—the largest gain since March 2025. Pending home sales climbed to the highest level since 2023 as the labor market stabilized. Sellers came off the sidelines, too, with active listings hitting the highest level since 2020. The median U.S. home sale price rose 2.4% year
Home Prices Posted the Biggest Increase in Over a Year in April Read More »
Monthly housing market data is now available sooner New metrics—including home purchase cancellations, price drops, financing trends, and luxury and starter home data—are now available for direct download Seasonally adjusted data is now the default, helping remove noise and reveal underlying trends We’ve launched a new and improved Redfin Data Center to give you faster
Introducing the New & Improved Redfin Data Center Read More »
Luxury home sales are surging in San Francisco, the epicenter of the AI boom, pushing the median sale price to the highest March level on record. Tight supply is another factor pushing up San Francisco’s luxury prices; active listings are down roughly 15% year over year. San Francisco’s luxury housing market is greatly outperforming the
San Francisco’s Luxury Home Sales Jump 22% As Median Price Nears $7M Read More »
More homeowners are putting their houses on the market, with new listings increasing for the second week in a row after five straight months of declines. U.S. pending home sales rose 2.7% year over year during the four weeks ending April 26, the biggest increase in six weeks. Mortgage-purchase applications have risen to their highest
Homebuying Demand Ticks Up, Mortgage Rates Tick Down Read More »
