Housing Market
All Reports
May 29, 2025
The median monthly U.S. mortgage payment is just $25 shy of its record high, sidelining would-be buyers. But the tide is turning for buyers: Redfin economists expect home prices to decline by the end of the year, and a surplus of listings is motivating sellers to negotiate. The median monthly mortgage payment nationwide was $2,860 […]
May 29, 2025
There are 34% more sellers in the market than buyers. At no other point in records dating back to 2013 have sellers outnumbered buyers this much. In other words, it’s a buyer’s market. Redfin expects home prices to drop 1% by the end of the year as a result. Prospective buyers may see their purchasing […]
May 28, 2025
Investor purchases of U.S. homes rose 2% year over year in the first quarter. Investor activity has been fairly stable for the past two years, after the wild up-and-down swings of the pandemic era. Investor purchases of condos fell 3% year over year to the lowest level in 10 years, aside from Q2 2020. […]
May 27, 2025
The typical U.S. luxury home sold for $1,348,065 in April, up 6.5% from a year earlier, but down slightly from the record high set in March. Economic uncertainty is pushing high-end buyers to the sidelines, with pending sales of luxury homes down 9.9% year over year. That is the largest annual decline since August 2023 […]
May 22, 2025
1 in 7 home-purchase agreements fell through last month. The share was higher in many parts of Florida, which is home to 5 of the 10 metros with the highest cancellation rates. Redfin agents say that when a deal is on shaky ground, it can be an opportunity for outbid buyers to get in the […]
