Housing Market News
Market Tracker
US Housing Market Reverses Course in March with Coronavirus Shutdowns
At the beginning of March, the housing market was stronger than ever and the U.S. economy was relatively stable. By the end of March everything had been thrown into extreme disarray.
Five Charts That Show What’s Happening in the Housing Market Right Now
As the US housing market grows accustomed to a new reality under the coronavirus quarantine, homes are sitting on the market for longer and growth in home prices has hit zero
6 Charts That Show What’s Happening in the Housing Market Right Now
Six charts that illustrate the latest developments in the housing market as COVID-19 continues to upend residential real estate.
11 Charts That Show How the Coronavirus Is Impacting the Housing Market
The impacts of the coronavirus pandemic are rippling through nearly every segment of the economy and the housing market is no exception.
Going Into the Coronavirus Crisis, the U.S. Housing Market Was Stronger Than Ever
U.S. home-sale prices increased 6.6% year over year in February to a nationwide median of $293,700.
Home Prices Rose 7% in January, Housing Supply Fell 11%
U.S. home-sale prices increased 6.7% year over year in January to a median of $306,400 across the 217 metros Redfin tracks.
Housing Market Cooled in October, But Relief For Homebuyers Was Short-Lived
Pending sales rose 3% from September as early indicators of demand are strengthening.
Fewer Homes for Sale in September; Declining Number of Listings Holds Back Home Sales
New listings of homes for sale fell 9% from a year earlier and closed home sales were down 5%.
Home Sales Fell 6% in August, the First Annual Decline in 15 Months
However, home prices were up 16%, and new listings posted their first year-over-year decline since February, which could signal a tightening market.
July Marked 12 Straight Months of Double-Digit Price Increases
Still, housing market conditions improved slightly for homebuyers as competition eased off from the records set in June.
Home Sales Dipped 1.2% From May to June, the Largest Late-Spring Decline Since At Least 2012
Still, homes sold at their fastest pace and for their highest prices on record.
Over Half of Homes Sold Above List Price in May for the First Time On Record
Home prices were up 24%, a record high due to the dip in home prices at the start of the pandemic a year earlier.
