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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,...
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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