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California Home Sales Up in May

California Home Sales Up in May

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

California’s housing market rebounded in May with home sales rising to the highest level in eight months and the statewide median price remaining above $800,000 for the second straight month. According to new data from the California Association of Realtors,...
Median US Home Price Dips to $371K

Median US Home Price Dips to $371K

by Phil Hall | May 19, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median U.S. home price was $371,875 at the conclusion of the four-week period ending May 14, according to data from Redfin (NASDAQ:RDFN). That represents a 2.7% drop, the smallest decline in over a month. The median asking price of newly listed homes was $398,429,...
Home Sales Continue to Plummet in New York State

Home Sales Continue to Plummet in New York State

by Phil Hall | May 19, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed home sales in New York State fell by 29.6% year-over-year in April, according to new data from the New York State Association of Realtors (NYSAR). April’s 6,944 completed transactions paled in comparison to the 9,857 closed sales in April 2022. Pending sales...
Rhode Island Has 10 Realtors for Every Home for Sale

Rhode Island Has 10 Realtors for Every Home for Sale

by Phil Hall | May 15, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rhode Island’s residential real estate market has a most unusual imbalance: there are exactly 10 times the number of active brokers and salespersons within the Ocean State as there are properties for sale. GoLocalProv.com analyzed new data from the Rhode...
Fewer Listings, But Faster Home Sales

Fewer Listings, But Faster Home Sales

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

New listings of homes for sale dropped 19% year over year during the four weeks ending May 7, according to data from Redfin (NASDAQ:RDFN). As a result of the inventory shortage and mortgage rates that remain above 6%, there were 16% fewer pending home sales than one...
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