Housing Market
All Reports
May 1, 2025
Mortgage-purchase applications are declining and pending home sales are sluggish. The 2025 spring homebuying season is lackluster, with record-high housing costs and widespread economic instability keeping would-be homebuyers at bay. Mortgage-purchase applications are down 6% month over month, and Redfin’s Homebuyer Demand Index–a measure of tours and other buying services from Redfin agents–is essentially flat. […]
April 30, 2025
Monthly mortgage payments are declining in some parts of the country as homebuying demand slows amid widespread economic uncertainty. The silver lining for buyers in those places: They have some negotiating power. Monthly mortgage payments are declining in 12 of the 50 most populous U.S. metro areas, half of them in Florida or Texas. The […]
April 29, 2025
The $469,729 median asking price is 9% higher than the $431,057 median sale price—the largest gap since 2020. Market dynamics have shifted in favor of buyers, but sellers have been slow to adjust, which is why list and sale prices are diverging. The prices home sellers are asking for and the prices homebuyers are paying […]
April 24, 2025
Nationwide, home prices are up 2.1% year over year, the slowest growth rate in nearly two years. The median home-sale price declined year over year in 11 of the 50 most populous U.S. metro areas during the four weeks ending April 20. The last time home prices dropped in that many metros was over a […]
April 22, 2025
Home prices ticked up 0.2% month over month in March, the slowest pace since December 2022. On a year-over-year basis, home prices rose 4.6%, down from 5.1% growth the month before. It was the 11th consecutive month that annual growth had slowed. Twenty of the 50 most populous U.S. metros recorded a drop in home […]
