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
Says 5-Month Streak of Record Prices Is Over, Supply Inching Up
Report Cites Pandemic, Low Mortgage Rates For Spike
Reports Home Sales Post Smallest 4-Week Increase In Over A Year
Hispanic homeowners in the U.S. are more likely to receive financial help on making their housing payments, than any other race or ethnic group in the country, according to Redfin.
Despite the number of homes for sale slowly growing, the number of pending sales continued to slide as summer commenced.