Housing Market
All Reports
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 […]
May 22, 2025
Mortgage rates are forecasted to stay elevated near 7%. Redfin economists expect the median U.S. home-sale price to fall flat in the third quarter, and fall 1% year over year by the fourth quarter. When it comes to mortgage rates, we expect them to remain elevated near 7% for the remainder of the year. This […]
May 22, 2025
Would-be buyers are sidelined by record-high housing costs and economic instability, allowing inventory to pile up. New listings of U.S. homes for sale rose 8.4% year over year to their highest level in nearly three years during the four weeks ending May 18. But buyers aren’t biting: Pending sales fell 2.2%, dropping to their lowest […]
May 20, 2025
U.S. home prices in April nudged down 0.1%, the first month-over-month decline since September 2022. Home prices rose 4.1% year over year—the smallest increase since July 2023. Half of the 50 most populous U.S. metros recorded a drop in home prices month over month, led by Charlotte (-1%). U.S. home prices ticked down 0.1% in […]
