Housing Market News
Market Tracker
Pending Home Sales Jumped 2.5% in September, the Biggest Monthly Increase in Over a Year and a Half
Pending sales rose 2.5% month over month as mortgage rates hit a two-year low and the Federal Reserve cut interest rates. Rates have since ticked
Existing Home Sales, Pending Sales Fall to Lowest Level Since Pandemic Start as House Hunters Wait for Mortgage Rates to Drop Further
Sales of existing homes dropped 1% month over month in August to a seasonally adjusted annual rate of 4 million, while pending sales fell 2%.
Existing Home Sales Rose 0.6% Last Month, But Were At the Lowest July Level on Record
Sales of existing homes fell 2% year over year to a seasonally adjusted annual rate of 4.1 million in July. Pending sales were down 3%
Cold Feet: Buyers Backed Out of Deals at Record Rate in June as Home Prices Hit All-Time High
About 56,000 home purchases were canceled, equal to 15% of homes that went under contract—the highest percentage of any June on record. Buyers are skittish
Home Sales Fell to One of the Lowest Levels on Record in May
There have been only two months in the past decade with fewer home sales. High home prices, elevated mortgage rates and an ongoing housing shortage
U.S. Home Prices Hit an All-Time High in April
The median home sale price rose 6% year over year to $434,000 as a lack of new listings buoyed prices. The total number of homes
June Home Prices Rose 5.7% Year Over Year; Smallest Increase Since December 2016
Inventory Declines Continue to Moderate; Number of Homes for Sale in June Down Just 6% Compared to June 2017
May Real Estate Market the Fastest on Record; Prices Up 6.3%
Across the 174 markets that Redfin tracks, the typical home sold in May went under contract in 34 days, breaking April’s record of 36 days,
Homes Sold Faster Than Ever in April; Prices Rose 7.6%
The national median home sale price increased 7.6 percent in April from a year ago, to a median of $302,200. This is the first
March Home Prices Up 8.9%, the Biggest Increase in Four Years
New listings declined 5.6 percent in March, a sign of waning seller enthusiasm and ongoing tight market conditions.
Home Prices Post Strongest Gain in Nearly Four Years as a Double-Digit Inventory Decline Constrained Sales
“A growing economy, healthy buyer demand and low inventory drove the ramp up in prices last month,” said Redfin chief economist, Nela Richardson
Strong January Home Price Growth and Declining Inventory Signal Another Competitive Spring for Homebuyers
Home Sales Fell in January after Tax Reform Uncertainty Caused Some Buyer Hesitation at Year End
