Housing Market

Luxury Market

Here Are the Most Expensive Home Sales of May

All of last month’s most expensive home sales were in Southern California, Florida or Manhattan. A Bel Air estate was the most expensive home sale of May, fetching $110 million. Another Los Angeles home, a Spanish villa in neighboring Holmby Hills, came in second, with a sale price of $57.3 million.  All in all, four […]
Monthly Market Update

Home Prices Grow at Slowest Pace in Nearly 2 Years

Home prices, while at a record high for this time of year, are growing at the slowest clip since 2023 because sellers outnumber buyers. Active listings hit a 5-year high in May, while existing-home sales hit a 7-month low. It took 38 days for the typical home to go under contract—the slowest May pace since […]
Weekly Market Update

U.S. Home Prices Hit All-Time High

While the median home-sale price is sitting at a record high, it’s notably lower than the median asking price. That’s because sellers are open to negotiating in today’s cooling housing market, in which sellers outnumber buyers. The median U.S. home-sale price hit a record $396,500 during the four weeks ending June 15, up 1% year […]

1 in 3 Baby Boomers Say They’ll Never Sell Their Home

An additional 30% of baby boomers who own their home say they’ll hold onto it for at least a decade. One-third (33.5%) of baby boomers who own their home say they’ll never sell, according to a recent Redfin-commissioned survey. Another 30% say they’ll sell their home at some point, but not within the next decade.  […]
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