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Redfin reported a 9% growth in pending home sales since June 2020.
The median home sale price now stands at $361,225, a 16% increase, according to a new report. Despite this rise in home price, sellers are beginning to drop their asking price at an increased rate.
Market Conditions Still Improved Slightly For Homebuyers As Competition Eased
Primary-Home Locks Fell 4%, 1st Drop In 2 Years
60% Of Offers Faced Competition In July, Down from 67% In June
Nearly 5% Of Listings Saw Prices Drop, Most Since 2019
