Tag Archives: median home sale price

Inventory tightens up as new listings tank: Redfin

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As Americans become immersed in the hustle and bustle of the holiday season and buyer demand softens, homesellers are pulling back from the housing market. Continue reading →

Summer sales have hit their slowest pace in 10 years

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A growing number of homes sitting longer on the market has made buyers more relaxed about transacting, causing some to wait it out or even cancel contracts because they have more options. Continue reading →

Renting becomes sign of wealth as many opt against homebuying

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A recent Redfin analysis of U.S. Census Bureau, MLS and county records from 2019 to 2023 found that in 35 of the 50 largest U.S. metro areas, wealthy renters are taking over the rental market. Certain cities, including San Jose, California; Raleigh, No… Continue reading →

Pending home sales fall further than expected in June

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Pending home sales dropped 1.9% in June, and 1.9% year over year to an index of 112.8, according to the National Association of Realtors’ Pending Home Sales Index, released Thursday. Continue reading →

March was the hottest month in housing history

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The median home price rose 17 percent annually to $353,000, according to Redfin’s March housing report. Nearly half of homes sold above asking price. Continue reading →