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New Record Set for Pennsylvania’s Median Sales Price

New Record Set for Pennsylvania’s Median Sales Price

by Phil Hall | Jul 20, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Pennsylvania housing market broke a record in June when the median sales price for a single-family home reached $229,004 – a 4% leap above previous record of $219,811 set in May. According to data from the Pennsylvania Association of Realtors (PAR), the state’s...
Redfin: Home Prices Up for First Time in Nearly Five Months

Redfin: Home Prices Up for First Time in Nearly Five Months

by Phil Hall | Jul 13, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median home sale price increased year-over-year by 1.5% during the four weeks ending July 9, according to data from Redfin (NASDAQ:RDFN), which noted this was first increase in nearly five months. The median home sale price of $383,750 was only $2,500 below record...
Zillow: Home Values at New Record High

Zillow: Home Values at New Record High

by Phil Hall | Jul 12, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical U.S. home value rose above the $350,000 mark for the first time in June, according to new data from Zillow (NASDAQ:Z, ZG). Last month, the typical home value reached $350,213, up 1.4% from and almost 1% higher than the level set in June 2022. Home values...
Toronto Home Sales and Average Selling Price Up Year-Over-Year

Toronto Home Sales and Average Selling Price Up Year-Over-Year

by Phil Hall | Jul 6, 2023 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Last month’s home sales and the average selling price in the Greater Toronto Area (GTA) were above last year’s levels, according to data from GTA Realtors. The GTA market recorded 7,481 sales through the Toronto Regional Real Estate Board’s (TRREB) MLS System, up...
Redfin: Average Home Is Selling Above Its Asking Price Again

Redfin: Average Home Is Selling Above Its Asking Price Again

by Phil Hall | Jul 6, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average sale-to-list price ratio hit 100.1% during the four weeks ending July 2, according to new data from Redfin (NASDAQ:RDFN). This marks the first time since last August that the average home was selling for more than its asking price. Redfin also noted the...
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