In Albany, NY, the typical home that sold in September went under contract in just eight days, making it the fastest market in the country. Next came Rochester, NY (9), Grand Rapids, MI (9) Buffalo, NY (11), San Jose, CA (12) and Seattle[...]
Budgets are getting some relief right now, with daily average rates dropping considerably from 8% to 7.5% over the last week. Nearly 7% of for-sale homes posted a price drop during the four weeks ending October 29, on average, the highest[...]
Just over one-third (34.1%) of U.S. home purchases in September were made in cash, up from 29.5% a year earlier and the highest share in nearly a decade. The data in this report is from a Redfin analysis of county records across 40 of the most[...]
The median sale price of luxury U.S. homes rose 9% year over year to $1.1 million in the third quarter, while the median sale price of non luxury homes climbed 3.3% to $340,000. Both were at the highest level of any third quarter on record.This[...]
New listings have posted their first annual increase since July 2022 as some sellers tire of waiting for mortgage rates to come down and others worry that prices will decline. New listings of homes for sale rose 0.3% from a year earlier[...]