Home sales were down 4.7% year-over-year and down 18.5% month-over-month across the 51 metro areas surveyed for the latest national housing report published by REMAX (NYSE: RMAX). San Antonio recorded the greatest year-over-year sales decline at -22.9% while Wichita,...
Nearly 85,000 home sellers took their properties off the market in September, a 28% year-over-year increase and the highest delisting level for that month in eight years, according to a new report from Redfin. Nationwide, 5.5% of all home listings were taken off the...
Luxury home sale prices reached a median of $1.28 million, a record high for the month of October, according to new data from Redfin. Last month’s price was a 5.5% year-over-year increase. Luxury home prices increased by roughly three times faster than non-luxury...
Existing home sales in October increased by 1.2% from September, according to the National Association of Realtors (NAR). Compared to one year earlier, sales were up 1.7%. A total of 1.52 million units were part of October’s housing inventory, down 0.7% from the prior...
Last month saw a significant supply and demand imbalance in the housing market, with an estimated 36.8% more home sellers than buyers (or 528,769 more, in numerical terms). According to data from Redfin, this marked the largest gap in records dating back to 2013....
Mortgage Rates Reach 7.40%, Highest Since November 2023
