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Home Sales Continue to Decline in New York State

Home Sales Continue to Decline in New York State

by Phil Hall | Jun 23, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Empire State’s housing market had another enervated month in May, according to data from the New York State Association of Realtors. Closed sales fell from 11,075 homes in May 2022 to 8,819 sales last month, a 20.4% plummet. Pending sales were down 4.1% from...
Redfin: Nearly 40% Fewer Homes for Sale Now Versus the Pre-Pandemic Period

Redfin: Nearly 40% Fewer Homes for Sale Now Versus the Pre-Pandemic Period

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

The total number of U.S. homes for sale for the four weeks ending June 11 was 6% lower from one year earlier, according to data from Redfin (NASDAQ:RDFN). This is the biggest decline in 13 months. Redfin reported new listings were down by 23%, which marked the tenth...
Realtor.com: Home Price Growth Slowest on Record

Realtor.com: Home Price Growth Slowest on Record

by Phil Hall | Jun 1, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

It was a May that was worth forgetting, according to the latest Realtor.com Housing Report that recorded home price growth of only 0.9% year-over-year, the slowest rate since the company began recording this data in 2016. “April and May are historically popular...
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,...
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