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Report: More Homes Selling at Discounted Prices

Report: More Homes Selling at Discounted Prices

by Phil Hall | Oct 20, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only one-quarter of homes sold in September (25.3%) went for more than their final list price, according to data from Redfin. That share is down from 28.5% one year earlier and marked the lowest September level in six years. September’s average sale-to-list-price...
Report: 15% of Home Purchase Agreements Canceled in August

Report: 15% of Home Purchase Agreements Canceled in August

by Phil Hall | Oct 7, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly 56,000 home purchase agreements were canceled in August, equal to 15.1% of homes that went under contract that month, according to a new data report from Redfin. This is up from 14.3% one year earlier and marked the highest August rate in records dating back...
Report: 72% More Condo Sellers Than Buyers

Report: 72% More Condo Sellers Than Buyers

by Phil Hall | Oct 6, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report by the Rocket Companies (NYSE: RKT) division Redfin has determined there were an estimated 72.3% more condo sellers than buyers (108,945 more) nationwide during August. This marked the fifth straight month in which there have been at least 70% more...
One in Six Home Sellers Dropped Their Asking Price

One in Six Home Sellers Dropped Their Asking Price

by Phil Hall | Oct 3, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

One of every six (16.7%) home sellers dropped their asking price in August, up from 15.9% one year earlier. According to data from Redfin, this marked the highest share for August in records dating back to 2012. The typical home that sold in August went for 3.8% less...
Luxury Home Sales Rise While Sales Activity Declines

Luxury Home Sales Rise While Sales Activity Declines

by Phil Hall | Oct 2, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Luxury home sale prices were up by 3.9% year-over-year to a median $1.25 million, a record high for the month of August, according to new data from Redfin. Luxury home prices grew nearly three times faster than non-luxury home prices, which increased 1.4% to a median...
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